Zip Code 79411Lubbock, TX

🟢STRONGexcellent cash flow market

Cap Rate

12.3%

Monthly Cash Flow

+$499

Median Home Price

$101,111

DSCR

1.93

Fair Market Rents

Studio
$720/mo
1 Bedroom
$860/mo
2 Bedroom
$1,030/mo
3 Bedroom
$1,440/mo
4 Bedroom
$1,690/mo

Investment Metrics

Cap Rate
12.3%
Cash-on-Cash Return
25.8%
Price-to-Rent Ratio
5.9
1% Rule
1.42%
Gross Rent Multiplier
5.9
Vacancy Rate
8.0%

Assumptions Used

20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax

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