REI Lense

REI Lense

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$2,337 (target)

5608 115th St, Lubbock, TX 79424

3 beds • 2 baths • 2202 sqft

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This property looks like a bad Long-Term investment with a projected -12.54% first-year return on $79,590 initial cash invested.

-12.54%

Cash On Cash

3.77%

Cap Rate

0.63

DSCR

$2,337

Rent

-$832

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,337 income − $3,169 expenses = $832 out of pocket

Income$2,337Out of Pocket$832Mortgage P&I$1,90782%Property Taxes$52122%Insurance$1336%Management$23410%CapEx$1175%Vacancy$1406%Maintenance$1175%

Investment Breakdown

|

Purchase Price

$379k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,590

Downpayment

20%

$75,800

Closing costs

1%

$3,790

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,337

Total Expenses

$3,169

Mortgage P&I

82%

$1,907

Property Taxes

22%

$521

Home Insurance

6%

$133

HOA

0%

$0

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$140

Maintenance

5%

$117

Other

0%

$0

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