REI Lense

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$3,433 (target)

3401 156th St, Lubbock, TX 79423

3 beds • 3 baths • 2885 sqft

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This property looks like a bad Long-Term investment with a projected -13.03% first-year return on $126k initial cash invested.

-13.03%

Cash On Cash

3.51%

Cap Rate

0.59

DSCR

$3,433

Rent

-$1,369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,433 income − $4,802 expenses = $1,369 out of pocket

Income$3,433Out of Pocket$1,369Mortgage P&I$2,95586%Property Taxes$73721%Insurance$2176%Management$34310%CapEx$1725%Vacancy$2066%Maintenance$1725%

Investment Breakdown

|

Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$6,004

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,433

Total Expenses

$4,802

Mortgage P&I

86%

$2,955

Property Taxes

21%

$737

Home Insurance

6%

$217

HOA

0%

$0

Property Management

10%

$343

CapEx

5%

$172

Vacancy

6%

$206

Maintenance

5%

$172

Other

0%

$0

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