REI Lense

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$2,217 (target)

3704 41st St, Lubbock, TX 79413

3 beds • 2 baths • 1500 sqft

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This property might be a fair Mid-Term investment with a projected 8.12% first-year return on $53,490 initial cash invested.

8.12%

Cash On Cash

9.36%

Cap Rate

1.52

DSCR

$2,217

Rent

$362

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,217 income − $1,855 expenses = $362 cash flow

Income$2,217Mortgage P&I$86739%Property Taxes$1748%Insurance$593%Management$26612%CapEx$894%Vacancy$673%Maintenance$894%Other$24411%Cash Flow$362

Investment Breakdown

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Purchase Price

$169k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,490

Downpayment

20%

$33,800

Closing costs

1%

$1,690

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,217

Total Expenses

$1,855

Mortgage P&I

39%

$867

Property Taxes

8%

$174

Home Insurance

3%

$59

HOA

0%

$0

Property Management

12%

$266

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$244

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