Zip Code 79415 — Lubbock, TX
🟢STRONG— excellent cash flow marketCap Rate
12.3%
Monthly Cash Flow
+$503
Median Home Price
$101,805
DSCR
1.93
Fair Market Rents
- Studio
- $730/mo
- 1 Bedroom
- $870/mo
- 2 Bedroom
- $1,040/mo
- 3 Bedroom
- $1,450/mo
- 4 Bedroom
- $1,710/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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