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$3,219 (target)

3311 Fannin Ave, Midland, TX 79707

3 beds • 2 baths • 1466 sqft

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This property might be a fair Mid-Term investment with a projected 6.07% first-year return on $82,176 initial cash invested.

6.07%

Cash On Cash

8.13%

Cap Rate

1.36

DSCR

$3,219

Rent

$416

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,219 income − $2,803 expenses = $416 cash flow

Income$3,219Mortgage P&I$1,52647%Property Taxes$702%Insurance$1123%Management$38612%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35411%Cash Flow$416

Investment Breakdown

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Purchase Price

$306k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,176

Downpayment

20%

$61,120

Closing costs

1%

$3,056

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,219

Total Expenses

$2,803

Mortgage P&I

47%

$1,526

Property Taxes

2%

$70

Home Insurance

3%

$112

HOA

0%

$0

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$354

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