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$2,787 (target)

965 23rd Ave NE, Hickory, NC 28601

3 beds • 2 baths • 1685 sqft

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This property might be a fair Mid-Term investment with a projected 4.66% first-year return on $76,695 initial cash invested.

4.66%

Cash On Cash

7.66%

Cap Rate

1.3

DSCR

$2,787

Rent

$298

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,787 income − $2,489 expenses = $298 cash flow

Income$2,787Mortgage P&I$1,37449%Property Taxes$703%Insurance$984%Management$33412%CapEx$1114%Vacancy$843%Maintenance$1114%Other$30711%Cash Flow$298

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,695

Downpayment

20%

$55,900

Closing costs

1%

$2,795

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,787

Total Expenses

$2,489

Mortgage P&I

49%

$1,374

Property Taxes

3%

$70

Home Insurance

4%

$98

HOA

0%

$0

Property Management

12%

$334

CapEx

4%

$111

Vacancy

3%

$84

Maintenance

4%

$111

Other

11%

$307

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