REI Lense

REI Lense

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$1,754 (target)

409 Colonial Heights Rd, Kingsport, TN 37663

3 beds • 2 baths • 1524 sqft

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This property looks like a bad Long-Term investment with a projected -6.99% first-year return on $60,585 initial cash invested.

-6.99%

Cash On Cash

5.01%

Cap Rate

0.82

DSCR

$1,754

Rent

-$353

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,754 income − $2,107 expenses = $353 out of pocket

Income$1,754Out of Pocket$353Mortgage P&I$1,47084%Property Taxes$764%Insurance$1056%Management$17510%CapEx$885%Vacancy$1056%Maintenance$885%

Investment Breakdown

|

Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,585

Downpayment

20%

$57,700

Closing costs

1%

$2,885

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,754

Total Expenses

$2,107

Mortgage P&I

84%

$1,470

Property Taxes

4%

$76

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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