REI Lense

REI Lense

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$1,506 (target)

3611 36th St, Lubbock, TX 79413

3 beds • 2 baths • 1854 sqft

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This property looks like a bad Long-Term investment with a projected -8.03% first-year return on $40,509 initial cash invested.

-8.03%

Cash On Cash

5.05%

Cap Rate

0.81

DSCR

$1,506

Rent

-$271

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,506 income − $1,777 expenses = $271 out of pocket

Income$1,506Out of Pocket$271Mortgage P&I$1,00867%Property Taxes$30921%Insurance$695%Management$15110%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$193k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,509

Downpayment

20%

$38,580

Closing costs

1%

$1,929

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,506

Total Expenses

$1,777

Mortgage P&I

67%

$1,008

Property Taxes

21%

$309

Home Insurance

5%

$69

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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