REI Lense

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$2,451 (target)

3602 77th Dr, Lubbock, TX 79423

3 beds • 2 baths • 2830 sqft

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This property looks like a bad Long-Term investment with a projected -9.88% first-year return on $77,385 initial cash invested.

-9.88%

Cash On Cash

4.64%

Cap Rate

0.73

DSCR

$2,451

Rent

-$637

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,451 income − $3,088 expenses = $637 out of pocket

Income$2,451Out of Pocket$637Mortgage P&I$1,93979%Property Taxes$35715%Insurance$1295%HOA$251%Management$24510%CapEx$1235%Vacancy$1476%Maintenance$1235%

Investment Breakdown

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Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,385

Downpayment

20%

$73,700

Closing costs

1%

$3,685

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,451

Total Expenses

$3,088

Mortgage P&I

79%

$1,939

Property Taxes

15%

$357

Home Insurance

5%

$129

HOA

1%

$25

Property Management

10%

$245

CapEx

5%

$123

Vacancy

6%

$147

Maintenance

5%

$123

Other

0%

$0

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