REI Lense

REI Lense

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$1,644 (target)

6221 6th St, Lubbock, TX 79416

3 beds • 2 baths • 1466 sqft

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This property looks like a bad Long-Term investment with a projected -2.23% first-year return on $40,362 initial cash invested.

-2.23%

Cash On Cash

6.38%

Cap Rate

1.01

DSCR

$1,644

Rent

-$75

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,644 income − $1,719 expenses = $75 out of pocket

Income$1,644Out of Pocket$75Mortgage P&I$1,01562%Property Taxes$20713%Insurance$704%Management$16410%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

|

Purchase Price

$192k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,362

Downpayment

20%

$38,440

Closing costs

1%

$1,922

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,644

Total Expenses

$1,719

Mortgage P&I

62%

$1,015

Property Taxes

13%

$207

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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