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$3,018 (target)

3623 56th St, Lubbock, TX 79413

3 beds • 2 baths • 2114 sqft

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This property could be a profitable Mid-Term investment with a projected 12.31% first-year return on $66,195 initial cash invested.

12.31%

Cash On Cash

10.33%

Cap Rate

1.68

DSCR

$3,018

Rent

$679

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,018 income − $2,339 expenses = $679 cash flow

Income$3,018Mortgage P&I$1,17539%Property Taxes$572%Insurance$803%Management$36212%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33211%Cash Flow$679

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,195

Downpayment

20%

$45,900

Closing costs

1%

$2,295

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,018

Total Expenses

$2,339

Mortgage P&I

39%

$1,175

Property Taxes

2%

$57

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$362

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$332

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