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$3,180 (target)

4305 Cottingham Dr, Hickory, NC 28602

3 beds • 2 baths • 2317 sqft

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This property looks like a bad Mid-Term investment with a projected -6.38% first-year return on $120k initial cash invested.

-6.38%

Cash On Cash

4.69%

Cap Rate

0.79

DSCR

$3,180

Rent

-$636

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,180 income − $3,816 expenses = $636 out of pocket

Income$3,180Out of Pocket$636Mortgage P&I$2,39975%Property Taxes$1615%Insurance$1756%Management$38212%CapEx$1274%Vacancy$953%Maintenance$1274%Other$35011%

Investment Breakdown

|

Purchase Price

$484k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$96,780

Closing costs

1%

$4,839

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,180

Total Expenses

$3,816

Mortgage P&I

75%

$2,399

Property Taxes

5%

$161

Home Insurance

6%

$175

HOA

0%

$0

Property Management

12%

$382

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$350

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