REI Lense

REI Lense

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$2,146 (target)

3311 Fannin Ave, Midland, TX 79707

3 beds • 2 baths • 1466 sqft

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This property looks like a bad Long-Term investment with a projected -2.24% first-year return on $64,176 initial cash invested.

-2.24%

Cash On Cash

5.94%

Cap Rate

0.99

DSCR

$2,146

Rent

-$120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,146 income − $2,266 expenses = $120 out of pocket

Income$2,146Out of Pocket$120Mortgage P&I$1,52671%Property Taxes$703%Insurance$1125%Management$21510%CapEx$1075%Vacancy$1296%Maintenance$1075%

Investment Breakdown

|

Purchase Price

$306k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,176

Downpayment

20%

$61,120

Closing costs

1%

$3,056

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,146

Total Expenses

$2,266

Mortgage P&I

71%

$1,526

Property Taxes

3%

$70

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$215

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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