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923 1st St NE, Hickory, NC 28601

3 beds • 3 baths • 3232 sqft

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This property looks like a bad Airbnb investment with a projected -14.08% first-year return on $150k initial cash invested.

-14.08%

Cash On Cash

2.78%

Cap Rate

0.47

DSCR

$3,556

Rent

-$1,761

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$629k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$150k

Downpayment

20%

$126k

Closing costs

1%

$6,291

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,556

Total Expenses

$5,317

Mortgage P&I

86%

$3,074

Property Taxes

9%

$327

Home Insurance

6%

$210

HOA

0%

$0

Property Management

15%

$533

CapEx

4%

$142

Vacancy

0%

$0

Maintenance

4%

$142

Other

25%

$889

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