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1007 Shea Ln, Midland, TX 79706

3 beds • 2 baths • 1657 sqft

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This property might be a fair Airbnb investment with a projected 3.95% first-year return on $85,347 initial cash invested.

3.95%

Cash On Cash

7.75%

Cap Rate

1.28

DSCR

$4,408

Rent

$281

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,408 income − $4,127 expenses = $281 cash flow

Income$4,408Mortgage P&I$1,61337%Property Taxes$2596%Insurance$1102%HOA$301%Management$66115%CapEx$1764%Maintenance$1764%Other$1,10225%Cash Flow$281

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

$4,408

Total Expenses

$4,127

Mortgage P&I

37%

$1,613

Property Taxes

6%

$259

Home Insurance

3%

$110

HOA

1%

$30

Property Management

15%

$661

CapEx

4%

$176

Vacancy

0%

$0

Maintenance

4%

$176

Other

25%

$1,102

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