REI Lense

REI Lense

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$2,355 (target)

304 Merman Rd, Kingsport, TN 37663

3 beds • 3 baths • 2351 sqft

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This property looks like a bad Long-Term investment with a projected -7.51% first-year return on $75,747 initial cash invested.

-7.51%

Cash On Cash

5.49%

Cap Rate

0.82

DSCR

$2,355

Rent

-$474

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,355 income − $2,829 expenses = $474 out of pocket

Income$2,355Out of Pocket$474Mortgage P&I$2,00585%Property Taxes$803%Insurance$1316%Management$23610%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

|

Purchase Price

$361k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,747

Downpayment

20%

$72,140

Closing costs

1%

$3,607

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,355

Total Expenses

$2,829

Mortgage P&I

85%

$2,005

Property Taxes

3%

$80

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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