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2309 24th Ave NE, Hickory, NC 28601

3 beds • 3 baths • 1811 sqft

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This property looks like a bad Long-Term investment with a projected -3.26% first-year return on $45,990 initial cash invested.

-3.26%

Cash On Cash

5.92%

Cap Rate

0.96

DSCR

$1,580

Rent

-$125

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

$45,990

Downpayment

20%

$43,800

Closing costs

1%

$2,190

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,580

Total Expenses

$1,705

Mortgage P&I

71%

$1,126

Property Taxes

6%

$91

Home Insurance

5%

$77

HOA

0%

$0

Property Management

10%

$158

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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