REI Lense

REI Lense

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$1,688 (target)

6018 116th St, Lubbock, TX 79424

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Long-Term investment with a projected -14.61% first-year return on $78,750 initial cash invested.

-14.61%

Cash On Cash

3.59%

Cap Rate

0.56

DSCR

$1,688

Rent

-$959

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,688 income − $2,647 expenses = $959 out of pocket

Income$1,688Out of Pocket$959Mortgage P&I$1,997118%Property Taxes$815%Insurance$1318%Management$16910%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,688

Total Expenses

$2,647

Mortgage P&I

118%

$1,997

Property Taxes

5%

$81

Home Insurance

8%

$131

HOA

0%

$0

Property Management

10%

$169

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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