REI Lense

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$2,847 (target)

291 N Hughes Blvd, Hickory, NC 28601

3 beds • 2 baths • 1470 sqft

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This property looks like a bad Mid-Term investment with a projected -12.1% first-year return on $123k initial cash invested.

-12.1%

Cash On Cash

3.96%

Cap Rate

0.59

DSCR

$2,847

Rent

-$1,238

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,847 income − $4,085 expenses = $1,238 out of pocket

Income$2,847Out of Pocket$1,238Mortgage P&I$2,77197%Property Taxes$1666%Insurance$1806%Management$34212%CapEx$1144%Vacancy$853%Maintenance$1144%Other$31311%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,820

Closing costs

1%

$4,991

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,847

Total Expenses

$4,085

Mortgage P&I

97%

$2,771

Property Taxes

6%

$166

Home Insurance

6%

$180

HOA

0%

$0

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$313

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