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This property looks like a bad Long-Term investment with a projected -3.46% first-year return on $73,143 initial cash invested.
-3.46%
Cash On Cash
5.76%
Cap Rate
0.95
DSCR
$2,580
Rent
-$211
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$348k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,143
Downpayment
20%
$69,660
Closing costs
1%
$3,483
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,580
Total Expenses
$2,791
Mortgage P&I
68%
$1,754
Property Taxes
9%
$233
Home Insurance
5%
$133
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
2910 Sandhill Cir, Midland, TX 79705 | $3,000 | 3 | 2 | 1806 | 0 mi |
3207 Southridge Dr, Midland, TX 79705 | $2,550 | 3 | 2 | 1845 | 0.2 mi |
4712 Gateway St, Midland, TX 79707 | $2,300 | 3 | 2 | 1800 | 0.7 mi |
4710 Gateway St, Midland, TX 79707 | $2,300 | 3 | 2 | 1800 | 0.7 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