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6391 Cathedral Dr, Hickory, NC 28601

3 beds • 3 baths • 2348 sqft

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This property looks like a bad Airbnb investment with a projected -13.85% first-year return on $118k initial cash invested.

-13.85%

Cash On Cash

3.57%

Cap Rate

0.53

DSCR

$3,194

Rent

-$1,368

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,194 income − $4,562 expenses = $1,368 out of pocket

Income$3,194Out of Pocket$1,368Mortgage P&I$2,66483%Property Taxes$1936%Insurance$1725%Management$47915%CapEx$1284%Maintenance$1284%Other$79825%

Investment Breakdown

|

Purchase Price

$479k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,700

Closing costs

1%

$4,785

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,194

Total Expenses

$4,562

Mortgage P&I

83%

$2,664

Property Taxes

6%

$193

Home Insurance

5%

$172

HOA

0%

$0

Property Management

15%

$479

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$798

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