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$2,712 (target)

2121 24th St NE, Hickory, NC 28601

3 beds • 2 baths • 1540 sqft

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This property looks like a bad Mid-Term investment with a projected -1.31% first-year return on $87,720 initial cash invested.

-1.31%

Cash On Cash

5.97%

Cap Rate

1.01

DSCR

$2,712

Rent

-$96

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,712 income − $2,808 expenses = $96 out of pocket

Income$2,712Out of Pocket$96Mortgage P&I$1,64161%Property Taxes$1425%Insurance$1054%Management$32512%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29811%

Investment Breakdown

|

Purchase Price

$332k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,720

Downpayment

20%

$66,400

Closing costs

1%

$3,320

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,712

Total Expenses

$2,808

Mortgage P&I

61%

$1,641

Property Taxes

5%

$142

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$325

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$298

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