REI Lense

REI Lense

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$1,478 (target)

3704 41st St, Lubbock, TX 79413

3 beds • 2 baths • 1500 sqft

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This property looks like a bad Long-Term investment with a projected -0.24% first-year return on $35,490 initial cash invested.

-0.24%

Cash On Cash

6.63%

Cap Rate

1.08

DSCR

$1,478

Rent

-$7

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,478 income − $1,485 expenses = $7 out of pocket

Income$1,478Out of Pocket$7Mortgage P&I$86759%Property Taxes$17412%Insurance$594%Management$14810%CapEx$745%Vacancy$896%Maintenance$745%

Investment Breakdown

|

Purchase Price

$169k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,490

Downpayment

20%

$33,800

Closing costs

1%

$1,690

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,478

Total Expenses

$1,485

Mortgage P&I

59%

$867

Property Taxes

12%

$174

Home Insurance

4%

$59

HOA

0%

$0

Property Management

10%

$148

CapEx

5%

$74

Vacancy

6%

$89

Maintenance

5%

$74

Other

0%

$0

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