REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,012 (target)

3623 56th St, Lubbock, TX 79413

3 beds • 2 baths • 2114 sqft

Email

This property might be a fair Long-Term investment with a projected 4.38% first-year return on $48,195 initial cash invested.

4.38%

Cash On Cash

7.59%

Cap Rate

1.24

DSCR

$2,012

Rent

$176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,012 income − $1,836 expenses = $176 cash flow

Income$2,012Mortgage P&I$1,17558%Property Taxes$573%Insurance$804%Management$20110%CapEx$1015%Vacancy$1216%Maintenance$1015%Cash Flow$176

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,195

Downpayment

20%

$45,900

Closing costs

1%

$2,295

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,012

Total Expenses

$1,836

Mortgage P&I

58%

$1,175

Property Taxes

3%

$57

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$201

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis