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2108 55th St, Lubbock, TX 79412

3 beds • 2 baths • 2339 sqft

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This property looks like a bad Airbnb investment with a projected -5.4% first-year return on $67,350 initial cash invested.

-5.4%

Cash On Cash

5.18%

Cap Rate

0.83

DSCR

$2,316

Rent

-$303

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,316 income − $2,619 expenses = $303 out of pocket

Income$2,316Out of Pocket$303Mortgage P&I$1,22453%Property Taxes$2019%Insurance$824%Management$34715%CapEx$934%Maintenance$934%Other$57925%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,316

Total Expenses

$2,619

Mortgage P&I

53%

$1,224

Property Taxes

9%

$201

Home Insurance

4%

$82

HOA

0%

$0

Property Management

15%

$347

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$579

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