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$2,416 (target)

6501 86th St, Lubbock, TX 79424

3 beds • 2 baths • 1649 sqft

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This property might be a fair Mid-Term investment with a projected 1.85% first-year return on $65,019 initial cash invested.

1.85%

Cash On Cash

7.21%

Cap Rate

1.17

DSCR

$2,416

Rent

$100

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,416 income − $2,316 expenses = $100 cash flow

Income$2,416Mortgage P&I$1,14948%Property Taxes$26711%Insurance$783%Management$29012%CapEx$974%Vacancy$723%Maintenance$974%Other$26611%Cash Flow$100

Investment Breakdown

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Purchase Price

$224k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,019

Downpayment

20%

$44,780

Closing costs

1%

$2,239

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,416

Total Expenses

$2,316

Mortgage P&I

48%

$1,149

Property Taxes

11%

$267

Home Insurance

3%

$78

HOA

0%

$0

Property Management

12%

$290

CapEx

4%

$97

Vacancy

3%

$72

Maintenance

4%

$97

Other

11%

$266

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