REI Lense

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$1,659 (target)

301 Larkspur Dr, Kingsport, TN 37660

3 beds • 3 baths • 1351 sqft

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This property looks like a bad Long-Term investment with a projected -4.47% first-year return on $48,342 initial cash invested.

-4.47%

Cash On Cash

5.99%

Cap Rate

0.92

DSCR

$1,659

Rent

-$180

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,659 income − $1,839 expenses = $180 out of pocket

Income$1,659Out of Pocket$180Mortgage P&I$1,24675%Property Taxes$795%Insurance$825%Management$16610%CapEx$835%Vacancy$1006%Maintenance$835%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,342

Downpayment

20%

$46,040

Closing costs

1%

$2,302

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,659

Total Expenses

$1,839

Mortgage P&I

75%

$1,246

Property Taxes

5%

$79

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$166

CapEx

5%

$83

Vacancy

6%

$100

Maintenance

5%

$83

Other

0%

$0

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