REI Lense

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$2,120 (target)

4305 Cottingham Dr, Hickory, NC 28602

3 beds • 2 baths • 2317 sqft

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This property looks like a bad Long-Term investment with a projected -13.77% first-year return on $102k initial cash invested.

-13.77%

Cash On Cash

3.32%

Cap Rate

0.56

DSCR

$2,120

Rent

-$1,166

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,120 income − $3,286 expenses = $1,166 out of pocket

Income$2,120Out of Pocket$1,166Mortgage P&I$2,399113%Property Taxes$1618%Insurance$1758%Management$21210%CapEx$1065%Vacancy$1276%Maintenance$1065%

Investment Breakdown

|

Purchase Price

$484k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$96,780

Closing costs

1%

$4,839

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,120

Total Expenses

$3,286

Mortgage P&I

113%

$2,399

Property Taxes

8%

$161

Home Insurance

8%

$175

HOA

0%

$0

Property Management

10%

$212

CapEx

5%

$106

Vacancy

6%

$127

Maintenance

5%

$106

Other

0%

$0

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