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$2,535 (target)

3001 Shipley St, Kingsport, TN 37664

3 beds • 2 baths • 1281 sqft

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This property might be a fair Mid-Term investment with a projected 2.91% first-year return on $66,867 initial cash invested.

2.91%

Cash On Cash

8.16%

Cap Rate

1.2

DSCR

$2,535

Rent

$162

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,535 income − $2,373 expenses = $162 cash flow

Income$2,535Mortgage P&I$1,31952%Property Taxes$1074%Insurance$863%Management$30412%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27911%Cash Flow$162

Investment Breakdown

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Purchase Price

$233k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,867

Downpayment

20%

$46,540

Closing costs

1%

$2,327

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,535

Total Expenses

$2,373

Mortgage P&I

52%

$1,319

Property Taxes

4%

$107

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$304

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$279

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