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$3,106 (target)

2113 56th St, Lubbock, TX 79412

3 beds • 3 baths • 2444 sqft

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This property might be a fair Mid-Term investment with a projected 9.02% first-year return on $65,082 initial cash invested.

9.02%

Cash On Cash

9.74%

Cap Rate

1.51

DSCR

$3,106

Rent

$489

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,106 income − $2,617 expenses = $489 cash flow

Income$3,106Mortgage P&I$1,20739%Property Taxes$2749%Insurance$803%Management$37312%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34211%Cash Flow$489

Investment Breakdown

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Purchase Price

$224k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,082

Downpayment

20%

$44,840

Closing costs

1%

$2,242

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,106

Total Expenses

$2,617

Mortgage P&I

39%

$1,207

Property Taxes

9%

$274

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$373

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$342

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