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$2,936 (target)

1969 8th Street Ln SE, Hickory, NC 28602

3 beds • 3 baths • 1705 sqft

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This property looks like a bad Mid-Term investment with a projected -0.64% first-year return on $82,344 initial cash invested.

-0.64%

Cash On Cash

6.86%

Cap Rate

1.04

DSCR

$2,936

Rent

-$44

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,936 income − $2,980 expenses = $44 out of pocket

Income$2,936Out of Pocket$44Mortgage P&I$1,67857%Property Taxes$1806%Insurance$1084%HOA$171%Management$35212%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32311%

Investment Breakdown

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Purchase Price

$306k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,344

Downpayment

20%

$61,280

Closing costs

1%

$3,064

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,936

Total Expenses

$2,980

Mortgage P&I

57%

$1,678

Property Taxes

6%

$180

Home Insurance

4%

$108

HOA

1%

$17

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$323

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