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2016 41st St, Lubbock, TX 79412

3 beds • 1 baths • 1124 sqft

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This property might be a fair Long-Term investment with a projected 3.18% first-year return on $24,150 initial cash invested.

3.18%

Cash On Cash

7.34%

Cap Rate

1.2

DSCR

$1,030

Rent

$64

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$115k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$24,150

Downpayment

20%

$23,000

Closing costs

1%

$1,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,030

Total Expenses

$966

Mortgage P&I

57%

$587

Property Taxes

7%

$70

Home Insurance

4%

$40

HOA

0%

$0

Property Management

10%

$103

CapEx

5%

$52

Vacancy

6%

$62

Maintenance

5%

$52

Other

0%

$0

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Comparable Property

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Beds

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SQFT

Distance

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4

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$1,100

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$2,850

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4

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