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$2,602 (target)

1416 Cerrillos Ave, Midland, TX 79705

3 beds • 2 baths • 1877 sqft

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This property looks like a bad Long-Term investment with a projected -7.05% first-year return on $71,148 initial cash invested.

-7.05%

Cash On Cash

5.29%

Cap Rate

0.84

DSCR

$2,602

Rent

-$418

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,602 income − $3,020 expenses = $418 out of pocket

Income$2,602Out of Pocket$418Mortgage P&I$1,78268%Property Taxes$39515%Insurance$1215%HOA$462%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,148

Downpayment

20%

$67,760

Closing costs

1%

$3,388

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,602

Total Expenses

$3,020

Mortgage P&I

68%

$1,782

Property Taxes

15%

$395

Home Insurance

5%

$121

HOA

2%

$46

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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