REI Lense

REI Lense

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$2,532 (target)

6018 116th St, Lubbock, TX 79424

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Mid-Term investment with a projected -6.67% first-year return on $96,750 initial cash invested.

-6.67%

Cash On Cash

4.99%

Cap Rate

0.78

DSCR

$2,532

Rent

-$538

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,532 income − $3,070 expenses = $538 out of pocket

Income$2,532Out of Pocket$538Mortgage P&I$1,99779%Property Taxes$813%Insurance$1315%Management$30412%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27911%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,532

Total Expenses

$3,070

Mortgage P&I

79%

$1,997

Property Taxes

3%

$81

Home Insurance

5%

$131

HOA

0%

$0

Property Management

12%

$304

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$279

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