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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 4.92% first-year return on $81,000 initial cash invested.

4.92%

Cash On Cash

7.84%

Cap Rate

1.34

DSCR

$4,180

Rent

$332

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$4,180

Total Expenses

$3,848

Mortgage P&I

35%

$1,462

Property Taxes

6%

$242

Home Insurance

3%

$105

HOA

1%

$33

Property Management

15%

$627

CapEx

4%

$167

Vacancy

0%

$0

Maintenance

4%

$167

Other

25%

$1,045

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