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1008 Primrose Ave, Lubbock, TX 79416

3 beds • 2 baths • 1630 sqft

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This property might be a fair Mid-Term investment with a projected 4.84% first-year return on $69,450 initial cash invested.

4.84%

Cash On Cash

7.88%

Cap Rate

1.32

DSCR

$2,757

Rent

$280

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

$2,757

Total Expenses

$2,477

Mortgage P&I

44%

$1,219

Property Taxes

9%

$235

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$331

CapEx

4%

$110

Vacancy

3%

$83

Maintenance

4%

$110

Other

11%

$303

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