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$3,524 (target)

5521 Suttlemyre Ln, Hickory, NC 28601

3 beds • 2 baths • 1791 sqft

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This property could be a profitable Mid-Term investment with a projected 16.09% first-year return on $65,250 initial cash invested.

16.09%

Cash On Cash

11.72%

Cap Rate

1.86

DSCR

$3,524

Rent

$875

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,524 income − $2,649 expenses = $875 cash flow

Income$3,524Mortgage P&I$1,18234%Property Taxes$1765%Insurance$792%HOA$13Management$42312%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38811%Cash Flow$875

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,524

Total Expenses

$2,649

Mortgage P&I

34%

$1,182

Property Taxes

5%

$176

Home Insurance

2%

$79

HOA

0%

$13

Property Management

12%

$423

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$388

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