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13708 Avenue R, Lubbock, TX 79423

3 beds • 2 baths • 1662 sqft

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This property looks like a bad Airbnb investment with a projected -3.25% first-year return on $66,090 initial cash invested.

-3.25%

Cash On Cash

5.95%

Cap Rate

0.94

DSCR

$2,711

Rent

-$179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,711 income − $2,890 expenses = $179 out of pocket

Income$2,711Out of Pocket$179Mortgage P&I$1,20745%Property Taxes$30211%Insurance$803%Management$40715%CapEx$1084%Maintenance$1084%Other$67825%

Investment Breakdown

|

Purchase Price

$229k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,090

Downpayment

20%

$45,800

Closing costs

1%

$2,290

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,711

Total Expenses

$2,890

Mortgage P&I

45%

$1,207

Property Taxes

11%

$302

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$407

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$678

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