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14324 Avenue U, Lubbock, TX 79423

3 beds • 2 baths • 2054 sqft

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This property might be a fair Mid-Term investment with a projected 6.88% first-year return on $76,800 initial cash invested.

6.88%

Cash On Cash

8.36%

Cap Rate

1.42

DSCR

$3,423

Rent

$440

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,423

Total Expenses

$2,983

Mortgage P&I

40%

$1,374

Property Taxes

10%

$346

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$411

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$377

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