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2403 Boyd Ave, Midland, TX 79705

3 beds • 2 baths • 1700 sqft

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This property looks like a bad Long-Term investment with a projected -2.77% first-year return on $71,526 initial cash invested.

-2.77%

Cash On Cash

5.74%

Cap Rate

0.98

DSCR

$2,570

Rent

-$165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,526

Downpayment

20%

$68,120

Closing costs

1%

$3,406

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,570

Total Expenses

$2,735

Mortgage P&I

65%

$1,667

Property Taxes

11%

$279

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$257

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

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