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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 Long-Term investment with a projected -4.2% first-year return on $51,450 initial cash invested.

-4.2%

Cash On Cash

5.54%

Cap Rate

0.93

DSCR

$1,838

Rent

-$180

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

$51,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,838

Total Expenses

$2,018

Mortgage P&I

66%

$1,219

Property Taxes

13%

$235

Home Insurance

5%

$86

HOA

0%

$0

Property Management

10%

$184

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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