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10602 Clinton Ave, Lubbock, TX 79424

3 beds • 2 baths • 2346 sqft

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This property looks like a bad Airbnb investment with a projected -4.67% first-year return on $81,000 initial cash invested.

-4.67%

Cash On Cash

5.29%

Cap Rate

0.88

DSCR

$3,388

Rent

-$315

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,388

Total Expenses

$3,703

Mortgage P&I

44%

$1,501

Property Taxes

14%

$470

Home Insurance

3%

$105

HOA

0%

$0

Property Management

15%

$508

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$847

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