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$3,164 (target)

1017 Morrell Ct, Kingsport, TN 37664

3 beds • 3 baths • 1716 sqft

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This property might be a fair Mid-Term investment with a projected 2.35% first-year return on $88,350 initial cash invested.

2.35%

Cash On Cash

7.04%

Cap Rate

1.18

DSCR

$3,164

Rent

$173

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,164 income − $2,991 expenses = $173 cash flow

Income$3,164Mortgage P&I$1,66453%Property Taxes$1334%Insurance$1174%Management$38012%CapEx$1274%Vacancy$953%Maintenance$1274%Other$34811%Cash Flow$173

Investment Breakdown

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Purchase Price

$335k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,164

Total Expenses

$2,991

Mortgage P&I

53%

$1,664

Property Taxes

4%

$133

Home Insurance

4%

$117

HOA

0%

$0

Property Management

12%

$380

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$348

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