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510 N Gardner Ave, Lubbock, TX 79416

3 beds • 2 baths • sqft

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This property might be a fair Mid-Term investment with a projected 9.54% first-year return on $60,000 initial cash invested.

9.54%

Cash On Cash

9.55%

Cap Rate

1.6

DSCR

$2,931

Rent

$477

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$200k

Downpayment

20.0%

Interest Rate

6.4%

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

$2,931

Total Expenses

$2,454

Mortgage P&I

34%

$997

Property Taxes

13%

$391

Home Insurance

2%

$70

HOA

0%

$0

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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