REI Lense

REI Lense

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$1,893 (target)

8218 Louisville Ave, Lubbock, TX 79423

3 beds • 2 baths • 1906 sqft

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This property looks like a bad Long-Term investment with a projected -6.81% first-year return on $50,589 initial cash invested.

-6.81%

Cash On Cash

5.31%

Cap Rate

0.85

DSCR

$1,893

Rent

-$287

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,893 income − $2,180 expenses = $287 out of pocket

Income$1,893Out of Pocket$287Mortgage P&I$1,25766%Property Taxes$34218%Insurance$885%Management$18910%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$241k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,589

Downpayment

20%

$48,180

Closing costs

1%

$2,409

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,893

Total Expenses

$2,180

Mortgage P&I

66%

$1,257

Property Taxes

18%

$342

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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