REI Lense

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$1,832 (target)

5703 109th St, Lubbock, TX 79424

3 beds • 2 baths • 1804 sqft

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This property looks like a bad Long-Term investment with a projected -6.7% first-year return on $56,574 initial cash invested.

-6.7%

Cash On Cash

4.94%

Cap Rate

0.83

DSCR

$1,832

Rent

-$316

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,832 income − $2,148 expenses = $316 out of pocket

Income$1,832Out of Pocket$316Mortgage P&I$1,33473%Property Taxes$24113%Insurance$965%Management$18310%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

|

Purchase Price

$269k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,574

Downpayment

20%

$53,880

Closing costs

1%

$2,694

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,832

Total Expenses

$2,148

Mortgage P&I

73%

$1,334

Property Taxes

13%

$241

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$183

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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