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$2,014 (target)

3938 Hemingway Dr NW, Hickory, NC 28601

3 beds • 3 baths • 1621 sqft

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This property looks like a bad Mid-Term investment with a projected -1.48% first-year return on $67,098 initial cash invested.

-1.48%

Cash On Cash

5.99%

Cap Rate

1

DSCR

$2,014

Rent

-$83

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,014 income − $2,097 expenses = $83 out of pocket

Income$2,014Out of Pocket$83Mortgage P&I$1,17058%Property Taxes$1457%Insurance$965%Management$24212%CapEx$814%Vacancy$603%Maintenance$814%Other$22211%

Investment Breakdown

|

Purchase Price

$234k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,098

Downpayment

20%

$46,760

Closing costs

1%

$2,338

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,014

Total Expenses

$2,097

Mortgage P&I

58%

$1,170

Property Taxes

7%

$145

Home Insurance

5%

$96

HOA

0%

$0

Property Management

12%

$242

CapEx

4%

$81

Vacancy

3%

$60

Maintenance

4%

$81

Other

11%

$222

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