REI Lense

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$3,060 (target)

4944 Southview Dr, Hickory, NC 28602

3 beds • 2 baths • 1650 sqft

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This property looks like a bad Mid-Term investment with a projected -4.08% first-year return on $101k initial cash invested.

-4.08%

Cash On Cash

5.32%

Cap Rate

0.89

DSCR

$3,060

Rent

-$344

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,060 income − $3,404 expenses = $344 out of pocket

Income$3,060Out of Pocket$344Mortgage P&I$1,97865%Property Taxes$2368%Insurance$1505%Management$36712%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33711%

Investment Breakdown

|

Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,240

Closing costs

1%

$3,962

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,060

Total Expenses

$3,404

Mortgage P&I

65%

$1,978

Property Taxes

8%

$236

Home Insurance

5%

$150

HOA

0%

$0

Property Management

12%

$367

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$337

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