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$1,628 (target)

1316 Midland Dr, Kingsport, TN 37664

3 beds • 2 baths • 1636 sqft

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This property looks like a bad Long-Term investment with a projected -7.84% first-year return on $51,450 initial cash invested.

-7.84%

Cash On Cash

5.28%

Cap Rate

0.81

DSCR

$1,628

Rent

-$336

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,628 income − $1,964 expenses = $336 out of pocket

Income$1,628Out of Pocket$336Mortgage P&I$1,33482%Property Taxes$1217%Insurance$865%Management$16310%CapEx$815%Vacancy$986%Maintenance$815%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,628

Total Expenses

$1,964

Mortgage P&I

82%

$1,334

Property Taxes

7%

$121

Home Insurance

5%

$86

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$81

Vacancy

6%

$98

Maintenance

5%

$81

Other

0%

$0

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