REI Lense

REI Lense

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$1,725 (target)

6622 Mountain Grove Rd, Hickory, NC 28602

3 beds • 2 baths • 1190 sqft

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This property looks like a bad Long-Term investment with a projected -4.55% first-year return on $54,579 initial cash invested.

-4.55%

Cash On Cash

5.5%

Cap Rate

0.91

DSCR

$1,725

Rent

-$207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,725 income − $1,932 expenses = $207 out of pocket

Income$1,725Out of Pocket$207Mortgage P&I$1,31276%Property Taxes$815%Insurance$915%Management$17210%CapEx$865%Vacancy$1046%Maintenance$865%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,725

Total Expenses

$1,932

Mortgage P&I

76%

$1,312

Property Taxes

5%

$81

Home Insurance

5%

$91

HOA

0%

$0

Property Management

10%

$172

CapEx

5%

$86

Vacancy

6%

$104

Maintenance

5%

$86

Other

0%

$0

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