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1008 Primrose Ave, Lubbock, TX 79416

3 beds • 2 baths • 1630 sqft

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This property looks like a bad Airbnb investment with a projected -6.44% first-year return on $69,450 initial cash invested.

-6.44%

Cash On Cash

4.58%

Cap Rate

0.77

DSCR

$2,245

Rent

-$373

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,245

Total Expenses

$2,618

Mortgage P&I

54%

$1,219

Property Taxes

10%

$235

Home Insurance

4%

$86

HOA

0%

$0

Property Management

15%

$337

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$561

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