REI Lense

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$3,846 (target)

2937 Forest View Rd, Kingsport, TN 37660

3 beds • 3 baths • 2236 sqft

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This property looks like a bad Mid-Term investment with a projected -5.49% first-year return on $135k initial cash invested.

-5.49%

Cash On Cash

5.09%

Cap Rate

0.84

DSCR

$3,846

Rent

-$618

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,846 income − $4,464 expenses = $618 out of pocket

Income$3,846Out of Pocket$618Mortgage P&I$2,83174%Property Taxes$1193%Insurance$2065%Management$46212%CapEx$1544%Vacancy$1153%Maintenance$1544%Other$42311%

Investment Breakdown

|

Purchase Price

$558k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$112k

Closing costs

1%

$5,575

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,846

Total Expenses

$4,464

Mortgage P&I

74%

$2,831

Property Taxes

3%

$119

Home Insurance

5%

$206

HOA

0%

$0

Property Management

12%

$462

CapEx

4%

$154

Vacancy

3%

$115

Maintenance

4%

$154

Other

11%

$423

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