REI Lense

REI Lense

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$1,491 (target)

5603 37th St, Lubbock, TX 79407

3 beds • 2 baths • 1421 sqft

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This property might be a fair Long-Term investment with a projected 1.14% first-year return on $38,829 initial cash invested.

1.14%

Cash On Cash

6.87%

Cap Rate

1.12

DSCR

$1,491

Rent

$37

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,491 income − $1,454 expenses = $37 cash flow

Income$1,491Mortgage P&I$94663%Property Taxes$554%Insurance$654%Management$14910%CapEx$755%Vacancy$896%Maintenance$755%Cash Flow$37

Investment Breakdown

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Purchase Price

$185k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,829

Downpayment

20%

$36,980

Closing costs

1%

$1,849

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,491

Total Expenses

$1,454

Mortgage P&I

63%

$946

Property Taxes

4%

$55

Home Insurance

4%

$65

HOA

0%

$0

Property Management

10%

$149

CapEx

5%

$75

Vacancy

6%

$89

Maintenance

5%

$75

Other

0%

$0

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