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$2,236 (target)

5603 37th St, Lubbock, TX 79407

3 beds • 2 baths • 1421 sqft

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This property might be a fair Mid-Term investment with a projected 8.68% first-year return on $56,829 initial cash invested.

8.68%

Cash On Cash

9.38%

Cap Rate

1.53

DSCR

$2,236

Rent

$411

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,236 income − $1,825 expenses = $411 cash flow

Income$2,236Mortgage P&I$94642%Property Taxes$552%Insurance$653%Management$26812%CapEx$894%Vacancy$673%Maintenance$894%Other$24611%Cash Flow$411

Investment Breakdown

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Purchase Price

$185k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,829

Downpayment

20%

$36,980

Closing costs

1%

$1,849

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,236

Total Expenses

$1,825

Mortgage P&I

42%

$946

Property Taxes

2%

$55

Home Insurance

3%

$65

HOA

0%

$0

Property Management

12%

$268

CapEx

4%

$89

Vacancy

3%

$67

Maintenance

4%

$89

Other

11%

$246

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