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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 Long-Term investment with a projected -8.38% first-year return on $63,000 initial cash invested.

-8.38%

Cash On Cash

4.68%

Cap Rate

0.78

DSCR

$2,210

Rent

-$440

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

$63,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,210

Total Expenses

$2,650

Mortgage P&I

68%

$1,501

Property Taxes

21%

$470

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$221

CapEx

5%

$110

Vacancy

6%

$133

Maintenance

5%

$110

Other

0%

$0

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