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15413 Fulton Ave, Lubbock, TX 79424

3 beds • 2 baths • 1760 sqft

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This property looks like a bad Airbnb investment with a projected -6.16% first-year return on $80,790 initial cash invested.

-6.16%

Cash On Cash

4.89%

Cap Rate

0.81

DSCR

$3,041

Rent

-$415

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,041 income − $3,456 expenses = $415 out of pocket

Income$3,041Out of Pocket$415Mortgage P&I$1,51250%Property Taxes$37912%Insurance$1053%Management$45615%CapEx$1224%Maintenance$1224%Other$76025%

Investment Breakdown

|

Purchase Price

$299k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,790

Downpayment

20%

$59,800

Closing costs

1%

$2,990

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,041

Total Expenses

$3,456

Mortgage P&I

50%

$1,512

Property Taxes

12%

$379

Home Insurance

3%

$105

HOA

0%

$0

Property Management

15%

$456

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$760

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