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$4,019 (target)

9317 Salisbury Ave, Lubbock, TX 79424

3 beds • 3 baths • 3508 sqft

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This property looks like a bad Long-Term investment with a projected -9.96% first-year return on $125k initial cash invested.

-9.96%

Cash On Cash

4.31%

Cap Rate

0.72

DSCR

$4,019

Rent

-$1,038

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,019 income − $5,057 expenses = $1,038 out of pocket

Income$4,019Out of Pocket$1,038Mortgage P&I$2,97474%Property Taxes$85121%Insurance$1875%Management$40210%CapEx$2015%Vacancy$2416%Maintenance$2015%

Investment Breakdown

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Purchase Price

$596k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$125k

Downpayment

20%

$119k

Closing costs

1%

$5,955

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,019

Total Expenses

$5,057

Mortgage P&I

74%

$2,974

Property Taxes

21%

$851

Home Insurance

5%

$187

HOA

0%

$0

Property Management

10%

$402

CapEx

5%

$201

Vacancy

6%

$241

Maintenance

5%

$201

Other

0%

$0

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