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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 -6.49% first-year return on $93,495 initial cash invested.

-6.49%

Cash On Cash

4.74%

Cap Rate

0.79

DSCR

$2,989

Rent

-$506

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,989 income − $3,495 expenses = $506 out of pocket

Income$2,989Out of Pocket$506Mortgage P&I$1,80660%Property Taxes$1284%Insurance$1264%Management$44815%CapEx$1204%Maintenance$1204%Other$74725%

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

$2,989

Total Expenses

$3,495

Mortgage P&I

60%

$1,806

Property Taxes

4%

$128

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$448

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$747

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