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4630 88th St, Lubbock, TX 79424

3 beds • 2 baths • 2673 sqft

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This property looks like a bad Airbnb investment with a projected -5.96% first-year return on $93,495 initial cash invested.

-5.96%

Cash On Cash

4.89%

Cap Rate

0.81

DSCR

$3,071

Rent

-$464

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,071 income − $3,535 expenses = $464 out of pocket

Income$3,071Out of Pocket$464Mortgage P&I$1,80659%Property Taxes$1284%Insurance$1264%Management$46115%CapEx$1234%Maintenance$1234%Other$76825%

Investment Breakdown

|

Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,495

Downpayment

20%

$71,900

Closing costs

1%

$3,595

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,071

Total Expenses

$3,535

Mortgage P&I

59%

$1,806

Property Taxes

4%

$128

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$461

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$768

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