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$2,482 (target)

745 6th Ave SW, Hickory, NC 28602

3 beds • 2 baths • 1146 sqft

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This property might be a fair Mid-Term investment with a projected 3.97% first-year return on $63,465 initial cash invested.

3.97%

Cash On Cash

8.5%

Cap Rate

1.25

DSCR

$2,482

Rent

$210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,482 income − $2,272 expenses = $210 cash flow

Income$2,482Mortgage P&I$1,22549%Property Taxes$1345%Insurance$703%Management$29812%CapEx$994%Vacancy$743%Maintenance$994%Other$27311%Cash Flow$210

Investment Breakdown

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Purchase Price

$217k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,465

Downpayment

20%

$43,300

Closing costs

1%

$2,165

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,482

Total Expenses

$2,272

Mortgage P&I

49%

$1,225

Property Taxes

5%

$134

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$298

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$273

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