REI Lense

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$2,349 (target)

5521 Suttlemyre Ln, Hickory, NC 28601

3 beds • 2 baths • 1791 sqft

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This property might be a fair Long-Term investment with a projected 7.34% first-year return on $47,250 initial cash invested.

7.34%

Cash On Cash

8.47%

Cap Rate

1.34

DSCR

$2,349

Rent

$289

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,349 income − $2,060 expenses = $289 cash flow

Income$2,349Mortgage P&I$1,18250%Property Taxes$1767%Insurance$793%HOA$131%Management$23510%CapEx$1175%Vacancy$1416%Maintenance$1175%Cash Flow$289

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,349

Total Expenses

$2,060

Mortgage P&I

50%

$1,182

Property Taxes

7%

$176

Home Insurance

3%

$79

HOA

1%

$13

Property Management

10%

$235

CapEx

5%

$117

Vacancy

6%

$141

Maintenance

5%

$117

Other

0%

$0

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