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2050 16th Avenue Pl SW, Hickory, NC 28602

3 beds • 2 baths • 1100 sqft

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This property looks like a bad Airbnb investment with a projected -2.1% first-year return on $70,164 initial cash invested.

-2.1%

Cash On Cash

5.74%

Cap Rate

0.98

DSCR

$2,523

Rent

-$123

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$248k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,164

Downpayment

20%

$49,680

Closing costs

1%

$2,484

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,523

Total Expenses

$2,646

Mortgage P&I

48%

$1,210

Property Taxes

5%

$134

Home Insurance

4%

$91

HOA

0%

$0

Property Management

15%

$378

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$631

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