REI Lense

REI Lense

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$1,239 (target)

2512 41st St, Lubbock, TX 79413

3 beds • 2 baths • 1183 sqft

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This property could be a profitable Long-Term investment with a projected 13.85% first-year return on $19,929 initial cash invested.

13.85%

Cash On Cash

9.91%

Cap Rate

1.59

DSCR

$1,239

Rent

$230

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,239 income − $1,009 expenses = $230 cash flow

Income$1,239Mortgage P&I$49240%Property Taxes$16213%Insurance$333%Management$12410%CapEx$625%Vacancy$746%Maintenance$625%Cash Flow$230

Investment Breakdown

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Purchase Price

$94,900

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$19,929

Downpayment

20%

$18,980

Closing costs

1%

$949

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,239

Total Expenses

$1,009

Mortgage P&I

40%

$492

Property Taxes

13%

$162

Home Insurance

3%

$33

HOA

0%

$0

Property Management

10%

$124

CapEx

5%

$62

Vacancy

6%

$74

Maintenance

5%

$62

Other

0%

$0

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