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This property looks like a bad Long-Term investment with a projected -6.52% first-year return on $93,450 initial cash invested.
-6.52%
Cash On Cash
4.81%
Cap Rate
0.83
DSCR
$2,920
Rent
-$508
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$445k
Downpayment
20.0%
Interest Rate
6.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$93,450
Downpayment
20%
$89,000
Closing costs
1%
$4,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,920
Total Expenses
$3,428
Mortgage P&I
73%
$2,145
Property Taxes
12%
$343
Home Insurance
5%
$156
HOA
1%
$25
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
2902 Moss Ave, Midland, TX 79705 | $2,995 | 3 | 3 | 2247 | 2.1 mi |
3314 Wedgwood St, Midland, TX 79707 | $3,000 | 3 | 3 | 2149 | 2.7 mi |
3310 Wedgwood St, Midland, TX 79707 | $3,200 | 3 | 3 | 2073 | 2.7 mi |
4618 Bishops Castle Dr, Midland, TX 79705 | $2,800 | 3 | 2.5 | 2217 | 2.2 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