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$1,913 (target)

507 Steeplechase Dr, Johnson City, TN 37601

3 beds • 2 baths • 2168 sqft

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This property looks like a bad Long-Term investment with a projected -16.26% first-year return on $94,332 initial cash invested.

-16.26%

Cash On Cash

2.84%

Cap Rate

0.47

DSCR

$1,913

Rent

-$1,278

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,913 income − $3,191 expenses = $1,278 out of pocket

Income$1,913Out of Pocket$1,278Mortgage P&I$2,246117%Property Taxes$28115%Insurance$1669%Management$19110%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,332

Downpayment

20%

$89,840

Closing costs

1%

$4,492

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,913

Total Expenses

$3,191

Mortgage P&I

117%

$2,246

Property Taxes

15%

$281

Home Insurance

9%

$166

HOA

0%

$0

Property Management

10%

$191

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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