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$5,150 (target)

3401 156th St, Lubbock, TX 79423

3 beds • 3 baths • 2885 sqft

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This property looks like a bad Mid-Term investment with a projected -4.24% first-year return on $144k initial cash invested.

-4.24%

Cash On Cash

5.3%

Cap Rate

0.9

DSCR

$5,150

Rent

-$509

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,150 income − $5,659 expenses = $509 out of pocket

Income$5,150Out of Pocket$509Mortgage P&I$2,95557%Property Taxes$73714%Insurance$2174%Management$61812%CapEx$2064%Vacancy$1543%Maintenance$2064%Other$56611%

Investment Breakdown

|

Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$6,004

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,150

Total Expenses

$5,659

Mortgage P&I

57%

$2,955

Property Taxes

14%

$737

Home Insurance

4%

$217

HOA

0%

$0

Property Management

12%

$618

CapEx

4%

$206

Vacancy

3%

$154

Maintenance

4%

$206

Other

11%

$566

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