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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 Airbnb investment with a projected -15.46% first-year return on $126k initial cash invested.

-15.46%

Cash On Cash

2.21%

Cap Rate

0.37

DSCR

$2,830

Rent

-$1,621

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

$126k

Downpayment

20%

$97,000

Closing costs

1%

$4,850

Rehab

0%

$0

Furnishing

5%

$24,000

Cashflow

Total Income

$2,830

Total Expenses

$4,451

Mortgage P&I

85%

$2,402

Property Taxes

18%

$521

Home Insurance

6%

$170

HOA

0%

$0

Property Management

15%

$424

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$708

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