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6640 Ridgeview Rd, Knoxville, TN 37918

2 beds • 1 baths • 1070 sqft

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This property might be a fair Long-Term investment with a projected 5.72% first-year return on $38,829 initial cash invested.

5.72%

Cash On Cash

7.72%

Cap Rate

1.29

DSCR

$1,640

Rent

$185

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$185k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,829

Downpayment

20%

$36,980

Closing costs

1%

$1,849

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,640

Total Expenses

$1,455

Mortgage P&I

56%

$923

Property Taxes

3%

$41

Home Insurance

4%

$65

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

7600 Rustic Ln, Knoxville, TN 37938

$1,500

2

1

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4302 Raven Dr, Knoxville, TN 37918

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2

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2

1

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$1,400

2

1.5

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3.8 mi

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2

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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

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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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