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$2,631 (target)

409 Colonial Heights Rd, Kingsport, TN 37663

3 beds • 2 baths • 1524 sqft

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This property might be a fair Mid-Term investment with a projected 1.31% first-year return on $78,585 initial cash invested.

1.31%

Cash On Cash

6.91%

Cap Rate

1.13

DSCR

$2,631

Rent

$86

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,631 income − $2,545 expenses = $86 cash flow

Income$2,631Mortgage P&I$1,47056%Property Taxes$763%Insurance$1054%Management$31612%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%Cash Flow$86

Investment Breakdown

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Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,585

Downpayment

20%

$57,700

Closing costs

1%

$2,885

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,631

Total Expenses

$2,545

Mortgage P&I

56%

$1,470

Property Taxes

3%

$76

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$316

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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