REI Lense

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$1,808 (target)

2121 24th St NE, Hickory, NC 28601

3 beds • 2 baths • 1540 sqft

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This property looks like a bad Long-Term investment with a projected -9.45% first-year return on $69,720 initial cash invested.

-9.45%

Cash On Cash

4.27%

Cap Rate

0.72

DSCR

$1,808

Rent

-$549

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,808 income − $2,357 expenses = $549 out of pocket

Income$1,808Out of Pocket$549Mortgage P&I$1,64191%Property Taxes$1428%Insurance$1056%Management$18110%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$332k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,720

Downpayment

20%

$66,400

Closing costs

1%

$3,320

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,808

Total Expenses

$2,357

Mortgage P&I

91%

$1,641

Property Taxes

8%

$142

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$181

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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