REI Lense

REI Lense

Unlock all features! Tap here to upgrade

1007 Shea Ln, Midland, TX 79706

3 beds • 2 baths • 1657 sqft

Email

This property might be a fair Airbnb investment with a projected 3.32% first-year return on $85,347 initial cash invested.

3.32%

Cash On Cash

7.57%

Cap Rate

1.25

DSCR

$4,323

Rent

$236

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,323 income − $4,087 expenses = $236 cash flow

Income$4,323Mortgage P&I$1,61337%Property Taxes$2596%Insurance$1103%HOA$301%Management$64815%CapEx$1734%Maintenance$1734%Other$1,08125%Cash Flow$236

Investment Breakdown

|

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

$4,323

Total Expenses

$4,087

Mortgage P&I

37%

$1,613

Property Taxes

6%

$259

Home Insurance

3%

$110

HOA

1%

$30

Property Management

15%

$648

CapEx

4%

$173

Vacancy

0%

$0

Maintenance

4%

$173

Other

25%

$1,081

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis