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$3,846 (target)

2604 Spartan Dr, Midland, TX 79705

3 beds • 2 baths • 1784 sqft

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This property might be a fair Mid-Term investment with a projected 9.56% first-year return on $85,200 initial cash invested.

9.56%

Cash On Cash

9.2%

Cap Rate

1.51

DSCR

$3,846

Rent

$679

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,846 income − $3,167 expenses = $679 cash flow

Income$3,846Mortgage P&I$1,62142%Property Taxes$1263%Insurance$1123%Management$46212%CapEx$1544%Vacancy$1153%Maintenance$1544%Other$42311%Cash Flow$679

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,846

Total Expenses

$3,167

Mortgage P&I

42%

$1,621

Property Taxes

3%

$126

Home Insurance

3%

$112

HOA

0%

$0

Property Management

12%

$462

CapEx

4%

$154

Vacancy

3%

$115

Maintenance

4%

$154

Other

11%

$423

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