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6818 40th St, Lubbock, TX 79407

3 beds • 2 baths • 1760 sqft

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This property looks like a bad Long-Term investment with a projected -8.28% first-year return on $53,193 initial cash invested.

-8.28%

Cash On Cash

4.61%

Cap Rate

0.78

DSCR

$1,881

Rent

-$367

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$253k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,193

Downpayment

20%

$50,660

Closing costs

1%

$2,533

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,881

Total Expenses

$2,248

Mortgage P&I

66%

$1,246

Property Taxes

22%

$423

Home Insurance

5%

$90

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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