Off-Market Property at 3513 27th St, Lubbock, TX, 79410

3513 27th St, Lubbock, TX, 79410

$130,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $201 per day and long-term for an average of $1,203 per month, based on similar listings in the area. Estimated short-term cap rate of 15.1%. Estimated long-term cap rate of 2.9%. This house is perfect for a family or group of students. It is freshly painted with new back splash, hardwood floors throughout, some new fans, automatic garage door installed, Exterior support beams for front porch, and a brand new roof will be installed before sale. House has been well maintained and was fully remolded in 2020 with new bathroom features, removal of sunroom for open back patio as well as laundry room addition to the kitchen coming from garage. Fridge as well as washer/dryer can be negotiated with the sales price.

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$2390
Bedrooms
3
Bathrooms
1
SQFT
1,053
Furnished
unknown
Year built
1951
Listing Status
Off Market
MLS
202402507

Short-term Rental Potential
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$30,360

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$123

Price/SQFT

Long-term Rental Potential
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$14,436

Revenue
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Profit
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Cap rate
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Cash on Cash
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$1,203/mo

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