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2612 Cimmaron Ave, Midland, TX 79705

3 beds • 2 baths • 1912 sqft

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This property might be a fair Airbnb investment with a projected 4.83% first-year return on $102k initial cash invested.

4.83%

Cash On Cash

7.66%

Cap Rate

1.32

DSCR

$5,354

Rent

$410

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$5,354

Total Expenses

$4,944

Mortgage P&I

36%

$1,923

Property Taxes

6%

$312

Home Insurance

3%

$140

HOA

0%

$0

Property Management

15%

$803

CapEx

4%

$214

Vacancy

0%

$0

Maintenance

4%

$214

Other

25%

$1,338

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