REI Lense

REI Lense

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$2,040 (target)

4944 Southview Dr, Hickory, NC 28602

3 beds • 2 baths • 1650 sqft

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This property looks like a bad Long-Term investment with a projected -12.32% first-year return on $83,202 initial cash invested.

-12.32%

Cash On Cash

3.71%

Cap Rate

0.62

DSCR

$2,040

Rent

-$854

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,040 income − $2,894 expenses = $854 out of pocket

Income$2,040Out of Pocket$854Mortgage P&I$1,97897%Property Taxes$23612%Insurance$1507%Management$20410%CapEx$1025%Vacancy$1226%Maintenance$1025%

Investment Breakdown

|

Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,202

Downpayment

20%

$79,240

Closing costs

1%

$3,962

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,040

Total Expenses

$2,894

Mortgage P&I

97%

$1,978

Property Taxes

12%

$236

Home Insurance

7%

$150

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$122

Maintenance

5%

$102

Other

0%

$0

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