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2014 Meridian Rd, Midland, TX 79705

3 beds • 2 baths • 1793 sqft

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This property might be a fair Airbnb investment with a projected 4.24% first-year return on $81,000 initial cash invested.

4.24%

Cash On Cash

7.65%

Cap Rate

1.31

DSCR

$4,093

Rent

$286

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,093 income − $3,807 expenses = $286 cash flow

Income$4,093Mortgage P&I$1,46236%Property Taxes$2426%Insurance$1053%HOA$331%Management$61415%CapEx$1644%Maintenance$1644%Other$1,02325%Cash Flow$286

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,093

Total Expenses

$3,807

Mortgage P&I

36%

$1,462

Property Taxes

6%

$242

Home Insurance

3%

$105

HOA

1%

$33

Property Management

15%

$614

CapEx

4%

$164

Vacancy

0%

$0

Maintenance

4%

$164

Other

25%

$1,023

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