REI Lense

REI Lense

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$2,120 (target)

2106 64th St, Lubbock, TX 79412

3 beds • 2 baths • 1831 sqft

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This property might be a fair Mid-Term investment with a projected 5.53% first-year return on $55,800 initial cash invested.

5.53%

Cash On Cash

8.3%

Cap Rate

1.38

DSCR

$2,120

Rent

$257

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$180k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,800

Downpayment

20%

$36,000

Closing costs

1%

$1,800

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,120

Total Expenses

$1,863

Mortgage P&I

43%

$903

Property Taxes

8%

$176

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$254

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$233

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