REI Lense

REI Lense

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$1,511 (target)

4803 Fordham St, Lubbock, TX 79416

3 beds • 2 baths • 1280 sqft

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This property looks like a bad Long-Term investment with a projected -8.32% first-year return on $41,979 initial cash invested.

-8.32%

Cash On Cash

4.98%

Cap Rate

0.79

DSCR

$1,511

Rent

-$291

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,511 income − $1,802 expenses = $291 out of pocket

Income$1,511Out of Pocket$291Mortgage P&I$1,04469%Property Taxes$29419%Insurance$705%Management$15110%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,979

Downpayment

20%

$39,980

Closing costs

1%

$1,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,511

Total Expenses

$1,802

Mortgage P&I

69%

$1,044

Property Taxes

19%

$294

Home Insurance

5%

$70

HOA

0%

$0

Property Management

10%

$151

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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