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$3,526 (target)

2908 W Michigan Ave, Midland, TX 79701

3 beds • 2 baths • 1774 sqft

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This property could be a profitable Mid-Term investment with a projected 14.17% first-year return on $67,980 initial cash invested.

14.17%

Cash On Cash

11.05%

Cap Rate

1.76

DSCR

$3,526

Rent

$803

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,526 income − $2,723 expenses = $803 cash flow

Income$3,526Mortgage P&I$1,24835%Property Taxes$1935%Insurance$832%Management$42312%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38811%Cash Flow$803

Investment Breakdown

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Purchase Price

$238k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,980

Downpayment

20%

$47,600

Closing costs

1%

$2,380

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,526

Total Expenses

$2,723

Mortgage P&I

35%

$1,248

Property Taxes

5%

$193

Home Insurance

2%

$83

HOA

0%

$0

Property Management

12%

$423

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$388

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