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401 W Pine Ave, Midland, TX 79705

3 beds • 2 baths • 1428 sqft

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This property might be a fair Long-Term investment with a projected 4.64% first-year return on $47,019 initial cash invested.

4.64%

Cash On Cash

7.76%

Cap Rate

1.25

DSCR

$2,142

Rent

$182

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$224k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,019

Downpayment

20%

$44,780

Closing costs

1%

$2,239

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,142

Total Expenses

$1,960

Mortgage P&I

54%

$1,158

Property Taxes

8%

$180

Home Insurance

3%

$65

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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