REI Lense

REI Lense

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$2,071 (target)

2113 56th St, Lubbock, TX 79412

3 beds • 3 baths • 2444 sqft

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This property looks like a bad Long-Term investment with a projected -0.74% first-year return on $47,082 initial cash invested.

-0.74%

Cash On Cash

6.86%

Cap Rate

1.06

DSCR

$2,071

Rent

-$29

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,071 income − $2,100 expenses = $29 out of pocket

Income$2,071Out of Pocket$29Mortgage P&I$1,20758%Property Taxes$27413%Insurance$804%Management$20710%CapEx$1045%Vacancy$1246%Maintenance$1045%

Investment Breakdown

|

Purchase Price

$224k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,082

Downpayment

20%

$44,840

Closing costs

1%

$2,242

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,071

Total Expenses

$2,100

Mortgage P&I

58%

$1,207

Property Taxes

13%

$274

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$104

Vacancy

6%

$124

Maintenance

5%

$104

Other

0%

$0

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