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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 -3.34% first-year return on $66,090 initial cash invested.

-3.34%

Cash On Cash

5.93%

Cap Rate

0.94

DSCR

$2,702

Rent

-$184

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,702 income − $2,886 expenses = $184 out of pocket

Income$2,702Out of Pocket$184Mortgage P&I$1,20745%Property Taxes$30211%Insurance$803%Management$40515%CapEx$1084%Maintenance$1084%Other$67625%

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

$2,702

Total Expenses

$2,886

Mortgage P&I

45%

$1,207

Property Taxes

11%

$302

Home Insurance

3%

$80

HOA

0%

$0

Property Management

15%

$405

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$676

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