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$2,658 (target)

4639 Hickory Lincolnton Hwy, Newton, NC 28658

3 beds • 2 baths • 1607 sqft

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This property looks like a bad Mid-Term investment with a projected -5.21% first-year return on $100k initial cash invested.

-5.21%

Cash On Cash

4.94%

Cap Rate

0.83

DSCR

$2,658

Rent

-$435

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,658 income − $3,093 expenses = $435 out of pocket

Income$2,658Out of Pocket$435Mortgage P&I$1,93973%Property Taxes$1124%Insurance$1395%Management$31912%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29211%

Investment Breakdown

|

Purchase Price

$391k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,200

Closing costs

1%

$3,910

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,658

Total Expenses

$3,093

Mortgage P&I

73%

$1,939

Property Taxes

4%

$112

Home Insurance

5%

$139

HOA

0%

$0

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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