REI Lense

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$2,213 (target)

1928 Twin Ponds Dr, Hickory, NC 28602

3 beds • 3 baths • 2183 sqft

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This property looks like a bad Long-Term investment with a projected -11.9% first-year return on $91,161 initial cash invested.

-11.9%

Cash On Cash

3.9%

Cap Rate

0.64

DSCR

$2,213

Rent

-$904

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,213 income − $3,117 expenses = $904 out of pocket

Income$2,213Out of Pocket$904Mortgage P&I$2,203100%Property Taxes$1617%Insurance$1567%HOA$211%Management$22110%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$434k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,161

Downpayment

20%

$86,820

Closing costs

1%

$4,341

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,213

Total Expenses

$3,117

Mortgage P&I

100%

$2,203

Property Taxes

7%

$161

Home Insurance

7%

$156

HOA

1%

$21

Property Management

10%

$221

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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