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$4,054 (target)

2605 Fannin Ave, Midland, TX 79705

3 beds • 3 baths • 2085 sqft

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This property might be a fair Mid-Term investment with a projected 2.17% first-year return on $107k initial cash invested.

2.17%

Cash On Cash

7.13%

Cap Rate

1.16

DSCR

$4,054

Rent

$194

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,054 income − $3,860 expenses = $194 cash flow

Income$4,054Mortgage P&I$2,17054%Property Taxes$1634%Insurance$1494%Management$48612%CapEx$1624%Vacancy$1223%Maintenance$1624%Other$44611%Cash Flow$194

Investment Breakdown

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Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,054

Total Expenses

$3,860

Mortgage P&I

54%

$2,170

Property Taxes

4%

$163

Home Insurance

4%

$149

HOA

0%

$0

Property Management

12%

$486

CapEx

4%

$162

Vacancy

3%

$122

Maintenance

4%

$162

Other

11%

$446

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