1304 42nd St Lubbock, Texas
2 bed • 1 bath • 6 guests
Purchase Price
Est. $489/mo
$32,155
Annual Revenue
Median of 25 comps selected by Bayne, creator of this analysis.
- Avg Daily Rate
- $172
- Occupancy
- 51%
$5k
$20k
$30k
$45k
$44,969 | $28,296 | $208 | 59.1% | 2 | 5 | 28 | 2 | 1 | $65 | ❌ | ❌ | ✅ | Yes / Yes | ❌ | ⭐️ 4.95 (458) | Profile | |
$42,997 | $27,915 | $203 | 58% | 2 | 4 | 62 | 2 | 2 | $120 | ❌ | ❌ | ✅ | Yes / Yes | ❌ | ⭐️ 4.87 (55) | Profile | |
$41,623 | $24,222 | $196 | 58.1% | 2 | 4 | 61 | 2 | 2 | $0 | ❌ | ❌ | ✅ | Yes / Yes | ❌ | ⭐️ 5 (65) | — | |
$40,692 | $30,369 | $236 | 47.2% | 2 | 5 | 9 | 3 | 2 | $65 | ❌ | ❌ | ❌ | Yes / Yes | ❌ | ⭐️ 4.91 (319) | Profile | |
$39,553 | $36,566 | $142 | 76.2% | 2 | 5 | 13 | 2 | 2 | $65 | ❌ | ✅ | ❌ | Yes / Yes | ❌ | ⭐️ 0 (0) | Profile |
Seasonality
Break-even
$2,466/mo
Avg profit / month
$214/mo
Best profit month
Oct $1,302
$2,565
Profit
Revenue
$32,155
Operating Expenses
$21,236
Operating Income
$10,919
Mortgage & Taxes
$8,353
Profit (Cash Flow)
$2,565
$39,040
Cash Investment
Down Payment
$27,500
Renos & Furnishing
$8,240
Closing Costs
$3,300
Total
$39,040
DSCR Ratio
Strong
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
3%
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Cash on Cash Return
6.57%
Cap Rate
9.92%
STR Tax Calculator (USA)
Rental property owners can deduct depreciation, mortgage interest, and property taxes from their taxable income. See how much this property could save you. Read our tax guide.
If you buy this property, your estimated tax deduction will be...
Deductible mortgage interest
$6,550
Deductible property tax
$1,089
Estimated gross deduction
$34,593
Your income tax rate
Estimated tax savings
$10,378
Maximize the depreciation value on your tax returns. Get a free cost segregation benefit analysis from our engineering partner.
Plan to claim the STR loophole?
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