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$3,350 (target)

15405 Fulton Ave, Lubbock, TX 79424

3 beds • 2 baths • 1760 sqft

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This property might be a fair Mid-Term investment with a projected 3.11% first-year return on $81,000 initial cash invested.

3.11%

Cash On Cash

7.44%

Cap Rate

1.23

DSCR

$3,350

Rent

$210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,350 income − $3,140 expenses = $210 cash flow

Income$3,350Mortgage P&I$1,51745%Property Taxes$38011%Insurance$1053%Management$40212%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36811%Cash Flow$210

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,350

Total Expenses

$3,140

Mortgage P&I

45%

$1,517

Property Taxes

11%

$380

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$402

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$368

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