REI Lense

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$1,805 (target)

916 Mimosa Dr, Kingsport, TN 37660

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Long-Term investment with a projected -2.87% first-year return on $49,329 initial cash invested.

-2.87%

Cash On Cash

6.15%

Cap Rate

0.98

DSCR

$1,805

Rent

-$118

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,805 income − $1,923 expenses = $118 out of pocket

Income$1,805Out of Pocket$118Mortgage P&I$1,23168%Property Taxes$1428%Insurance$825%Management$18010%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,329

Downpayment

20%

$46,980

Closing costs

1%

$2,349

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,805

Total Expenses

$1,923

Mortgage P&I

68%

$1,231

Property Taxes

8%

$142

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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