REI Lense

REI Lense

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$1,611 (target)

6501 86th St, Lubbock, TX 79424

3 beds • 2 baths • 1649 sqft

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This property looks like a bad Long-Term investment with a projected -7.73% first-year return on $47,019 initial cash invested.

-7.73%

Cash On Cash

4.97%

Cap Rate

0.81

DSCR

$1,611

Rent

-$303

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,611 income − $1,914 expenses = $303 out of pocket

Income$1,611Out of Pocket$303Mortgage P&I$1,14971%Property Taxes$26717%Insurance$785%Management$16110%CapEx$815%Vacancy$976%Maintenance$815%

Investment Breakdown

|

Purchase Price

$224k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,019

Downpayment

20%

$44,780

Closing costs

1%

$2,239

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,611

Total Expenses

$1,914

Mortgage P&I

71%

$1,149

Property Taxes

17%

$267

Home Insurance

5%

$78

HOA

0%

$0

Property Management

10%

$161

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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