REI Lense

REI Lense

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$3,855 (target)

2403 Boyd Ave, Midland, TX 79705

3 beds • 2 baths • 1700 sqft

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This property might be a fair Mid-Term investment with a projected 6.38% first-year return on $89,526 initial cash invested.

6.38%

Cash On Cash

8.09%

Cap Rate

1.38

DSCR

$3,855

Rent

$476

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

$89,526

Downpayment

20%

$68,120

Closing costs

1%

$3,406

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,855

Total Expenses

$3,379

Mortgage P&I

43%

$1,667

Property Taxes

7%

$279

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$463

CapEx

4%

$154

Vacancy

3%

$116

Maintenance

4%

$154

Other

11%

$424

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