REI Lense

REI Lense

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$1,509 (target)

229 Clint St, Kingsport, TN 37660

3 beds • 2 baths • 1696 sqft

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This property looks like a bad Long-Term investment with a projected -11.02% first-year return on $51,723 initial cash invested.

-11.02%

Cash On Cash

4.64%

Cap Rate

0.7

DSCR

$1,509

Rent

-$475

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,509 income − $1,984 expenses = $475 out of pocket

Income$1,509Out of Pocket$475Mortgage P&I$1,35290%Property Taxes$14910%Insurance$916%Management$15110%CapEx$755%Vacancy$916%Maintenance$755%

Investment Breakdown

|

Purchase Price

$246k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,723

Downpayment

20%

$49,260

Closing costs

1%

$2,463

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,509

Total Expenses

$1,984

Mortgage P&I

90%

$1,352

Property Taxes

10%

$149

Home Insurance

6%

$91

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$75

Vacancy

6%

$91

Maintenance

5%

$75

Other

0%

$0

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