REI Lense

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$1,531 (target)

2201 Date Ave, Lubbock, TX 79404

3 beds • 2 baths • 1733 sqft

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This property might be a fair Long-Term investment with a projected 6.32% first-year return on $25,620 initial cash invested.

6.32%

Cash On Cash

8.56%

Cap Rate

1.32

DSCR

$1,531

Rent

$135

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,531 income − $1,396 expenses = $135 cash flow

Income$1,531Mortgage P&I$65843%Property Taxes$25517%Insurance$845%Management$15310%CapEx$775%Vacancy$926%Maintenance$775%Cash Flow$135

Investment Breakdown

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Purchase Price

$122k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$25,620

Downpayment

20%

$24,400

Closing costs

1%

$1,220

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,531

Total Expenses

$1,396

Mortgage P&I

43%

$658

Property Taxes

17%

$255

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$153

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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