REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

3215 Mearns Ct, Midland, TX 79705

3 beds • 3 baths • 2209 sqft

Email

This property looks like a bad Airbnb investment with a projected -9.95% first-year return on $111k initial cash invested.

-9.95%

Cash On Cash

3.65%

Cap Rate

0.63

DSCR

$3,355

Rent

-$924

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

$111k

Downpayment

20%

$89,000

Closing costs

1%

$4,450

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,355

Total Expenses

$4,279

Mortgage P&I

64%

$2,145

Property Taxes

10%

$343

Home Insurance

5%

$156

HOA

1%

$25

Property Management

15%

$503

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$839

Loading map...

Comparable Property

Rent

ADR

Beds

Baths

Distance

"The Walker House"

$4,114

$167

3

2

0.33 mi

The Lonestar Casita

$4,706

$191

3

2

0.53 mi

Gigi’s Cozy Mid-town home

$3,080

$125

3

2

0.62 mi

Willie's Place

$5,125

$208

3

2

0.76 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis