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$1,879 (target)

2266 9th Avenue Dr NE, Hickory, NC 28601

3 beds • 3 baths • 1687 sqft

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This property looks like a bad Long-Term investment with a projected -9.08% first-year return on $68,229 initial cash invested.

-9.08%

Cash On Cash

4.55%

Cap Rate

0.74

DSCR

$1,879

Rent

-$516

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,879 income − $2,395 expenses = $516 out of pocket

Income$1,879Out of Pocket$516Mortgage P&I$1,65488%Property Taxes$1387%Insurance$1146%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,229

Downpayment

20%

$64,980

Closing costs

1%

$3,249

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,879

Total Expenses

$2,395

Mortgage P&I

88%

$1,654

Property Taxes

7%

$138

Home Insurance

6%

$114

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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