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1724 Echo Ave, Kingsport, TN 37665

3 beds • 2 baths • 1248 sqft

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This property looks like a bad Airbnb investment with a projected -7.21% first-year return on $66,615 initial cash invested.

-7.21%

Cash On Cash

4.45%

Cap Rate

0.73

DSCR

$1,914

Rent

-$400

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$232k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,615

Downpayment

20%

$46,300

Closing costs

1%

$2,315

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,914

Total Expenses

$2,314

Mortgage P&I

62%

$1,181

Property Taxes

7%

$134

Home Insurance

4%

$80

HOA

0%

$0

Property Management

15%

$287

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$478

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Comparable Property

Rent

ADR

Beds

Baths

Distance

'My Tennessee Mountain Home' in Kingsport

$2,592

$142

3

1

0.56 mi

Walking distance to downtown Kingsport, TN

$1,004

$55

3

1

2.14 mi

The holidays are better when decorated!

$2,081

$114

2

2

0.68 mi

Deck & Mtn Views: 'Fain Chalet' in Kingsport

$6,169

$338

4

2.5

1.35 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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