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$3,504 (target)

375 Ridgeway Rd, Kingsport, TN 37664

3 beds • 3 baths • 1711 sqft

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This property might be a fair Mid-Term investment with a projected 0.52% first-year return on $96,141 initial cash invested.

0.52%

Cash On Cash

7.11%

Cap Rate

1.09

DSCR

$3,504

Rent

$42

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,504 income − $3,462 expenses = $42 cash flow

Income$3,504Mortgage P&I$2,02358%Property Taxes$1163%Insurance$1334%Management$42012%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38511%Cash Flow$42

Investment Breakdown

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Purchase Price

$372k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,141

Downpayment

20%

$74,420

Closing costs

1%

$3,721

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,504

Total Expenses

$3,462

Mortgage P&I

58%

$2,023

Property Taxes

3%

$116

Home Insurance

4%

$133

HOA

0%

$0

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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