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$4,017 (target)

2512 Terrace Ave, Midland, TX 79705

3 beds • 2 baths • 1876 sqft

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This property might be a fair Mid-Term investment with a projected 4.73% first-year return on $101k initial cash invested.

4.73%

Cash On Cash

7.66%

Cap Rate

1.29

DSCR

$4,017

Rent

$397

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,017 income − $3,620 expenses = $397 cash flow

Income$4,017Mortgage P&I$1,95749%Property Taxes$1584%Insurance$1383%Management$48212%CapEx$1614%Vacancy$1213%Maintenance$1614%Other$44211%Cash Flow$397

Investment Breakdown

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Purchase Price

$394k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$78,800

Closing costs

1%

$3,940

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,017

Total Expenses

$3,620

Mortgage P&I

49%

$1,957

Property Taxes

4%

$158

Home Insurance

3%

$138

HOA

0%

$0

Property Management

12%

$482

CapEx

4%

$161

Vacancy

3%

$121

Maintenance

4%

$161

Other

11%

$442

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