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2203 S County Road 1087, Midland, TX 79706

4 beds • 4 baths • 3030 sqft

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This property looks like a bad Long-Term investment with a projected -16.84% first-year return on $205k initial cash invested.

-16.84%

Cash On Cash

2.42%

Cap Rate

0.42

DSCR

$3,570

Rent

-$2,874

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$975k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$205k

Downpayment

20%

$195k

Closing costs

1%

$9,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,570

Total Expenses

$6,444

Mortgage P&I

131%

$4,665

Property Taxes

14%

$511

Home Insurance

10%

$341

HOA

0%

$0

Property Management

10%

$357

CapEx

5%

$178

Vacancy

6%

$214

Maintenance

5%

$178

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

8417 E County Rd, 115, Midland, TX 79706

$3,200

4

3.5

2851

2.2 mi

5605 E County Rd, 94, Midland, TX 79706

$4,950

4

4

3270

4.7 mi

1607 S County Rd, 1085, Midland, TX 79706

$5,000

4

2

2855

0.6 mi

8330 E County Rd, 114, Midland, TX 79706

$3,200

4

2.5

2665

2.3 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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