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19215 County Road 2240, Lubbock, TX 79423

4 beds • 3 baths • 2635 sqft

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This property looks like a bad Airbnb investment with a projected -20.28% first-year return on $153k initial cash invested.

-20.28%

Cash On Cash

1.08%

Cap Rate

0.18

DSCR

$2,560

Rent

-$2,588

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$615k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$153k

Downpayment

20%

$123k

Closing costs

1%

$6,150

Rehab

0%

$0

Furnishing

4%

$24,000

Cashflow

Total Income

$2,560

Total Expenses

$5,148

Mortgage P&I

119%

$3,040

Property Taxes

26%

$665

Home Insurance

8%

$215

HOA

0%

$0

Property Management

15%

$384

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$640

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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$2,844

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4

2

3.75 mi

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3

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The Wander Inn - 3BR/2BA - New Construction

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3

2

3.58 mi

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$3,279

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3

2

3.65 mi

104 W Rancho Del Cerro

$2,500

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4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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