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$3,092 (target)

1808 Petroleum Dr, Odessa, TX 79762

3 beds • 2 baths • 1346 sqft

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This property might be a fair Mid-Term investment with a projected 7.73% first-year return on $67,686 initial cash invested.

7.73%

Cash On Cash

9.54%

Cap Rate

1.42

DSCR

$3,092

Rent

$436

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,092 income − $2,656 expenses = $436 cash flow

Income$3,092Mortgage P&I$1,32043%Property Taxes$2017%Insurance$833%Management$37112%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34011%Cash Flow$436

Investment Breakdown

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Purchase Price

$237k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,686

Downpayment

20%

$47,320

Closing costs

1%

$2,366

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,092

Total Expenses

$2,656

Mortgage P&I

43%

$1,320

Property Taxes

7%

$201

Home Insurance

3%

$83

HOA

0%

$0

Property Management

12%

$371

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$340

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