REI Lense

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$3,406 (target)

513 Merman Rd, Kingsport, TN 37663

3 beds • 2 baths • 1890 sqft

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This property might be a fair Mid-Term investment with a projected 9.98% first-year return on $74,931 initial cash invested.

9.98%

Cash On Cash

9.74%

Cap Rate

1.53

DSCR

$3,406

Rent

$623

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,406 income − $2,783 expenses = $623 cash flow

Income$3,406Mortgage P&I$1,44142%Property Taxes$863%Insurance$983%Management$40912%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37511%Cash Flow$623

Investment Breakdown

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Purchase Price

$271k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,931

Downpayment

20%

$54,220

Closing costs

1%

$2,711

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,406

Total Expenses

$2,783

Mortgage P&I

42%

$1,441

Property Taxes

3%

$86

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$409

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$375

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