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2309 24th Ave NE, Hickory, NC 28601

3 beds • 3 baths • 1811 sqft

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This property might be a fair Mid-Term investment with a projected 5.06% first-year return on $63,990 initial cash invested.

5.06%

Cash On Cash

8.17%

Cap Rate

1.32

DSCR

$2,370

Rent

$270

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$219k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,990

Downpayment

20%

$43,800

Closing costs

1%

$2,190

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,370

Total Expenses

$2,100

Mortgage P&I

48%

$1,126

Property Taxes

4%

$91

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$284

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$261

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