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$3,903 (target)

1416 Cerrillos Ave, Midland, TX 79705

3 beds • 2 baths • 1877 sqft

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This property might be a fair Mid-Term investment with a projected 3.14% first-year return on $89,148 initial cash invested.

3.14%

Cash On Cash

7.69%

Cap Rate

1.22

DSCR

$3,903

Rent

$233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,903 income − $3,670 expenses = $233 cash flow

Income$3,903Mortgage P&I$1,78246%Property Taxes$39510%Insurance$1213%HOA$461%Management$46812%CapEx$1564%Vacancy$1173%Maintenance$1564%Other$42911%Cash Flow$233

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,148

Downpayment

20%

$67,760

Closing costs

1%

$3,388

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,903

Total Expenses

$3,670

Mortgage P&I

46%

$1,782

Property Taxes

10%

$395

Home Insurance

3%

$121

HOA

1%

$46

Property Management

12%

$468

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$429

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