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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 Airbnb investment with a projected -10.65% first-year return on $229k initial cash invested.

-10.65%

Cash On Cash

3.57%

Cap Rate

0.62

DSCR

$6,704

Rent

-$2,031

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

$229k

Downpayment

20%

$195k

Closing costs

1%

$9,750

Rehab

0%

$0

Furnishing

2%

$24,000

Cashflow

Total Income

$6,704

Total Expenses

$8,735

Mortgage P&I

70%

$4,665

Property Taxes

8%

$511

Home Insurance

5%

$341

HOA

0%

$0

Property Management

15%

$1,006

CapEx

4%

$268

Vacancy

0%

$0

Maintenance

4%

$268

Other

25%

$1,676

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