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538 Gravely Rd, Kingsport, TN 37660

3 beds • 3 baths • 2936 sqft

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This property looks like a bad Long-Term investment with a projected -9.12% first-year return on $86,079 initial cash invested.

-9.12%

Cash On Cash

4.32%

Cap Rate

0.73

DSCR

$2,200

Rent

-$654

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,079

Downpayment

20%

$81,980

Closing costs

1%

$4,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,200

Total Expenses

$2,854

Mortgage P&I

92%

$2,019

Property Taxes

5%

$119

Home Insurance

7%

$144

HOA

0%

$0

Property Management

10%

$220

CapEx

5%

$110

Vacancy

6%

$132

Maintenance

5%

$110

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

701 Gravely Rd, Kingsport, TN 37660

$2,089

3

2.5

2760

0.6 mi

241 Stone Edge Cir, Kingsport, TN 37660

$2,250

3

3

2042

0.7 mi

2001 Lynnwood Rd, Kingsport, TN 37660

$2,200

3

3.5

3074

3.4 mi

1104 Tay Station Rd, Kingsport, TN 37660

$2,500

3

3

2136

1.9 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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