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$2,840 (target)

8218 Louisville Ave, Lubbock, TX 79423

3 beds • 2 baths • 1906 sqft

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This property might be a fair Mid-Term investment with a projected 3.27% first-year return on $68,589 initial cash invested.

3.27%

Cash On Cash

7.76%

Cap Rate

1.24

DSCR

$2,840

Rent

$187

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,840 income − $2,653 expenses = $187 cash flow

Income$2,840Mortgage P&I$1,25744%Property Taxes$34212%Insurance$883%Management$34112%CapEx$1144%Vacancy$853%Maintenance$1144%Other$31211%Cash Flow$187

Investment Breakdown

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Purchase Price

$241k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,589

Downpayment

20%

$48,180

Closing costs

1%

$2,409

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,840

Total Expenses

$2,653

Mortgage P&I

44%

$1,257

Property Taxes

12%

$342

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$341

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$312

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