REI Lense

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$2,744 (target)

6181 Willowbottom Rd, Hickory, NC 28602

3 beds • 4 baths • 2699 sqft

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This property looks like a bad Long-Term investment with a projected -12.3% first-year return on $117k initial cash invested.

-12.3%

Cash On Cash

3.75%

Cap Rate

0.62

DSCR

$2,744

Rent

-$1,202

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,744 income − $3,946 expenses = $1,202 out of pocket

Income$2,744Out of Pocket$1,202Mortgage P&I$2,809102%Property Taxes$1907%Insurance$2349%Management$27410%CapEx$1375%Vacancy$1656%Maintenance$1375%

Investment Breakdown

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Purchase Price

$559k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$112k

Closing costs

1%

$5,585

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,744

Total Expenses

$3,946

Mortgage P&I

102%

$2,809

Property Taxes

7%

$190

Home Insurance

9%

$234

HOA

0%

$0

Property Management

10%

$274

CapEx

5%

$137

Vacancy

6%

$165

Maintenance

5%

$137

Other

0%

$0

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