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2102 Hickory Grove Rd, Gastonia, NC 28056

3 beds • 2 baths • 1619 sqft

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This property looks like a bad Long-Term investment with a projected -8.93% first-year return on $57,918 initial cash invested.

-8.93%

Cash On Cash

4.29%

Cap Rate

0.74

DSCR

$1,564

Rent

-$431

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$276k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,918

Downpayment

20%

$55,160

Closing costs

1%

$2,758

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,564

Total Expenses

$1,995

Mortgage P&I

86%

$1,339

Property Taxes

9%

$140

Home Insurance

7%

$110

HOA

0%

$0

Property Management

10%

$156

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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