REI Lense

REI Lense

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$2,718 (target)

4630 88th St, Lubbock, TX 79424

3 beds • 2 baths • 2673 sqft

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This property looks like a bad Long-Term investment with a projected -0.78% first-year return on $75,495 initial cash invested.

-0.78%

Cash On Cash

6.32%

Cap Rate

1.05

DSCR

$2,718

Rent

-$49

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,718 income − $2,767 expenses = $49 out of pocket

Income$2,718Out of Pocket$49Mortgage P&I$1,80666%Property Taxes$1285%Insurance$1265%Management$27210%CapEx$1365%Vacancy$1636%Maintenance$1365%

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,495

Downpayment

20%

$71,900

Closing costs

1%

$3,595

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,718

Total Expenses

$2,767

Mortgage P&I

66%

$1,806

Property Taxes

5%

$128

Home Insurance

5%

$126

HOA

0%

$0

Property Management

10%

$272

CapEx

5%

$136

Vacancy

6%

$163

Maintenance

5%

$136

Other

0%

$0

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