REI Lense

REI Lense

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$1,393 (target)

2119 15th St, Lubbock, TX 79401

3 beds • 2 baths • 1436 sqft

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This property could be a profitable Long-Term investment with a projected 17.47% first-year return on $22,050 initial cash invested.

17.47%

Cash On Cash

10.94%

Cap Rate

1.69

DSCR

$1,393

Rent

$321

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,393 income − $1,072 expenses = $321 cash flow

Income$1,393Mortgage P&I$56641%Property Taxes$1068%Insurance$373%Management$13910%CapEx$705%Vacancy$846%Maintenance$705%Cash Flow$321

Investment Breakdown

|

Purchase Price

$105k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$22,050

Downpayment

20%

$21,000

Closing costs

1%

$1,050

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,393

Total Expenses

$1,072

Mortgage P&I

41%

$566

Property Taxes

8%

$106

Home Insurance

3%

$37

HOA

0%

$0

Property Management

10%

$139

CapEx

5%

$70

Vacancy

6%

$84

Maintenance

5%

$70

Other

0%

$0

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