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$2,442 (target)

1316 Midland Dr, Kingsport, TN 37664

3 beds • 2 baths • 1636 sqft

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This property might be a fair Mid-Term investment with a projected 1.21% first-year return on $69,450 initial cash invested.

1.21%

Cash On Cash

7.36%

Cap Rate

1.13

DSCR

$2,442

Rent

$70

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,442 income − $2,372 expenses = $70 cash flow

Income$2,442Mortgage P&I$1,33455%Property Taxes$1215%Insurance$864%Management$29312%CapEx$984%Vacancy$733%Maintenance$984%Other$26911%Cash Flow$70

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,442

Total Expenses

$2,372

Mortgage P&I

55%

$1,334

Property Taxes

5%

$121

Home Insurance

4%

$86

HOA

0%

$0

Property Management

12%

$293

CapEx

4%

$98

Vacancy

3%

$73

Maintenance

4%

$98

Other

11%

$269

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