Single-Family Rental Financing in Kingsport, TN

Single-Family Rental investing in Kingsport

Single-family rentals are the cleanest DSCR file you can write in Kingsport. One unit, one lease, one Form 1007 market rent schedule, and the deepest set of sale and rent comps in the Sullivan County appraisal market. Detached stock also carries the longest average tenancies, which is what actually protects the ratio you close at.

At the Kingsport median of $265,000, a single-family rental prices near $265,000. Minimum down is 20% ($53,000), leaving a loan of $212,000. Estimated all-in PITIA runs about $1,739 per month.

Returns and structure

Return metrics at the Kingsport median for this product: an estimated cap rate of 5.76%, and monthly cash flow of $311 positive at 20% down. A file that cash-flows at the minimum down payment is the exception in Tennessee right now, and it gives you room to absorb an insurance renewal without going to the reserve account.