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4022 38th St, Lubbock, TX 79413

3 beds • 2 baths • 1578 sqft

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This property looks like a bad Airbnb investment with a projected -0.8% first-year return on $60,000 initial cash invested.

-0.8%

Cash On Cash

6.47%

Cap Rate

1.06

DSCR

$2,440

Rent

-$40

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,440 income − $2,480 expenses = $40 out of pocket

Income$2,440Out of Pocket$40Mortgage P&I$1,02042%Property Taxes$2189%Insurance$703%Management$36615%CapEx$984%Maintenance$984%Other$61025%

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,000

Downpayment

20%

$40,000

Closing costs

1%

$2,000

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,440

Total Expenses

$2,480

Mortgage P&I

42%

$1,020

Property Taxes

9%

$218

Home Insurance

3%

$70

HOA

0%

$0

Property Management

15%

$366

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$610

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