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$1,343 (target)

3938 Hemingway Dr NW, Hickory, NC 28601

3 beds • 3 baths • 1621 sqft

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This property looks like a bad Long-Term investment with a projected -10.19% first-year return on $49,098 initial cash invested.

-10.19%

Cash On Cash

4.21%

Cap Rate

0.7

DSCR

$1,343

Rent

-$417

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,343 income − $1,760 expenses = $417 out of pocket

Income$1,343Out of Pocket$417Mortgage P&I$1,17087%Property Taxes$14511%Insurance$967%Management$13410%CapEx$675%Vacancy$816%Maintenance$675%

Investment Breakdown

|

Purchase Price

$234k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,098

Downpayment

20%

$46,760

Closing costs

1%

$2,338

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,343

Total Expenses

$1,760

Mortgage P&I

87%

$1,170

Property Taxes

11%

$145

Home Insurance

7%

$96

HOA

0%

$0

Property Management

10%

$134

CapEx

5%

$67

Vacancy

6%

$81

Maintenance

5%

$67

Other

0%

$0

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