REI Lense

REI Lense

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$1,989 (target)

553 Bays View Rd, Kingsport, TN 37660

3 beds • 2 baths • 1980 sqft

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This property looks like a bad Long-Term investment with a projected -1.66% first-year return on $55,041 initial cash invested.

-1.66%

Cash On Cash

6.11%

Cap Rate

1.02

DSCR

$1,989

Rent

-$76

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,989 income − $2,065 expenses = $76 out of pocket

Income$1,989Out of Pocket$76Mortgage P&I$1,31166%Property Taxes$1447%Insurance$945%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$262k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,041

Downpayment

20%

$52,420

Closing costs

1%

$2,621

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,989

Total Expenses

$2,065

Mortgage P&I

66%

$1,311

Property Taxes

7%

$144

Home Insurance

5%

$94

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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