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12503 Elgin Ave, Lubbock, TX 79423

4 beds • 3 baths • 2628 sqft

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This property looks like a bad Long-Term investment with a projected -13.95% first-year return on $102k initial cash invested.

-13.95%

Cash On Cash

3.33%

Cap Rate

0.56

DSCR

$2,580

Rent

-$1,184

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$97,000

Closing costs

1%

$4,850

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,580

Total Expenses

$3,764

Mortgage P&I

93%

$2,402

Property Taxes

20%

$521

Home Insurance

7%

$170

HOA

0%

$0

Property Management

10%

$258

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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