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610 Ridgeview Dr, Johnson City, TN 37604

3 beds • 3 baths • 2024 sqft

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This property looks like a bad Long-Term investment with a projected -8.09% first-year return on $74,151 initial cash invested.

-8.09%

Cash On Cash

4.52%

Cap Rate

0.77

DSCR

$2,090

Rent

-$500

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,151

Downpayment

20%

$70,620

Closing costs

1%

$3,531

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,090

Total Expenses

$2,590

Mortgage P&I

83%

$1,727

Property Taxes

9%

$192

Home Insurance

6%

$129

HOA

0%

$0

Property Management

10%

$209

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

1310 Knob Creek Rd, Apt 3, Johnson City, TN 37604

$1,600

3

2.5

2000

2.3 mi

223 Sequoyah Dr, Johnson City, TN 37604

$2,100

3

2

2030

1 mi

805 E Mountain View Rd, Johnson City, TN 37601

$2,400

3

2.5

1819

1.3 mi

10 Parwood Ct, Johnson City, TN 37601

$2,100

3

2.5

1873

1.8 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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