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577 Pitt Rd, Kingsport, TN 37663

4 beds • 2 baths • 2178 sqft

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This property looks like a bad Long-Term investment with a projected -9.51% first-year return on $95,361 initial cash invested.

-9.51%

Cash On Cash

4.18%

Cap Rate

0.71

DSCR

$2,410

Rent

-$756

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$454k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,361

Downpayment

20%

$90,820

Closing costs

1%

$4,541

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,410

Total Expenses

$3,166

Mortgage P&I

92%

$2,219

Property Taxes

6%

$155

Home Insurance

7%

$166

HOA

0%

$0

Property Management

10%

$241

CapEx

5%

$120

Vacancy

6%

$145

Maintenance

5%

$120

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

112 Manchester Pl, Kingsport, TN 37663

$1,818

4

2

1972

1.9 mi

425 Gray Station Rd, Gray, TN 37615

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2.5

1867

2.3 mi

1164 Ridge, Parke, Kingsport, TN 37663

$2,600

4

2

1764

3.1 mi

495 Cox Hollow Rd, Kingsport, TN 37663

$2,195

4

2.5

2196

4.9 mi

104 W Rancho Del Cerro

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2

2380

1.3 mi

1255 S Forest Knoll St

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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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