REI Lense

REI Lense

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$1,524 (target)

6338 10th St, Lubbock, TX 79416

3 beds • 2 baths • 1633 sqft

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This property looks like a bad Long-Term investment with a projected -10.75% first-year return on $51,450 initial cash invested.

-10.75%

Cash On Cash

4.46%

Cap Rate

0.7

DSCR

$1,524

Rent

-$461

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,524 income − $1,985 expenses = $461 out of pocket

Income$1,524Out of Pocket$461Mortgage P&I$1,29685%Property Taxes$20814%Insurance$866%Management$15210%CapEx$765%Vacancy$916%Maintenance$765%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,450

Downpayment

20%

$49,000

Closing costs

1%

$2,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,524

Total Expenses

$1,985

Mortgage P&I

85%

$1,296

Property Taxes

14%

$208

Home Insurance

6%

$86

HOA

0%

$0

Property Management

10%

$152

CapEx

5%

$76

Vacancy

6%

$91

Maintenance

5%

$76

Other

0%

$0

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