REI Lense

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$2,919 (target)

1458 Shipley Ferry Rd E, Kingsport, TN 37663

3 beds • 3 baths • 2634 sqft

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This property looks like a bad Long-Term investment with a projected -6.49% first-year return on $102k initial cash invested.

-6.49%

Cash On Cash

5.02%

Cap Rate

0.83

DSCR

$2,919

Rent

-$551

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,919 income − $3,470 expenses = $551 out of pocket

Income$2,919Out of Pocket$551Mortgage P&I$2,43783%Property Taxes$993%Insurance$1756%Management$29210%CapEx$1465%Vacancy$1756%Maintenance$1465%

Investment Breakdown

|

Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$97,080

Closing costs

1%

$4,854

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,919

Total Expenses

$3,470

Mortgage P&I

83%

$2,437

Property Taxes

3%

$99

Home Insurance

6%

$175

HOA

0%

$0

Property Management

10%

$292

CapEx

5%

$146

Vacancy

6%

$175

Maintenance

5%

$146

Other

0%

$0

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