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$3,736 (target)

1007 Shea Ln, Midland, TX 79706

3 beds • 2 baths • 1657 sqft

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This property might be a fair Mid-Term investment with a projected 6.4% first-year return on $85,347 initial cash invested.

6.4%

Cash On Cash

8.3%

Cap Rate

1.37

DSCR

$3,736

Rent

$455

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,736 income − $3,281 expenses = $455 cash flow

Income$3,736Mortgage P&I$1,61343%Property Taxes$2597%Insurance$1103%HOA$301%Management$44812%CapEx$1494%Vacancy$1123%Maintenance$1494%Other$41111%Cash Flow$455

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,347

Downpayment

20%

$64,140

Closing costs

1%

$3,207

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,736

Total Expenses

$3,281

Mortgage P&I

43%

$1,613

Property Taxes

7%

$259

Home Insurance

3%

$110

HOA

1%

$30

Property Management

12%

$448

CapEx

4%

$149

Vacancy

3%

$112

Maintenance

4%

$149

Other

11%

$411

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