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This property looks like a bad Long-Term investment with a projected -6.46% first-year return on $83,790 initial cash invested.
-6.46%
Cash On Cash
4.82%
Cap Rate
0.83
DSCR
$2,600
Rent
-$451
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
$83,790
Downpayment
20%
$79,800
Closing costs
1%
$3,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,600
Total Expenses
$3,051
Mortgage P&I
74%
$1,923
Property Taxes
12%
$312
Home Insurance
5%
$140
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
3216 Camarie Ave, Midland, TX 79705 | $2,649 | 3 | 2 | 1952 | 0.4 mi |
3510 Jordan Ave, Midland, TX 79707 | $2,800 | 3 | 2 | 1914 | 1 mi |
3204 W Golf Course Rd, Midland, TX 79701 | $2,400 | 3 | 2 | 1865 | 0.9 mi |
2411 Flare Ct, Midland, TX 79705 | $2,500 | 3 | 2 | 1851 | 0.8 mi |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality