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This property might be a fair Long-Term investment with a projected 3.14% first-year return on $94,500 initial cash invested.
3.14%
Cash On Cash
6.97%
Cap Rate
1.21
DSCR
$3,970
Rent
$247
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$450k
Downpayment
20.0%
Interest Rate
6.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$94,500
Downpayment
20%
$90,000
Closing costs
1%
$4,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,970
Total Expenses
$3,723
Mortgage P&I
55%
$2,169
Property Taxes
9%
$365
Home Insurance
4%
$158
HOA
0%
$0
Property Management
10%
$397
CapEx
5%
$198
Vacancy
6%
$238
Maintenance
5%
$198
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
4212 Fairwood Pl, Midland, TX 79707 | $5,200 | 4 | 3 | 3034 | 1 mi |
5204 Balfour Ct, Midland, TX 79707 | $5,000 | 4 | 3 | 2947 | 1 mi |
5302 George Yard Ct, Midland, TX 79707 | $4,500 | 4 | 3 | 2968 | 1.2 mi |
5507 San Clemente Dr, Midland, TX 79707 | $3,600 | 4 | 3 | 2966 | 1.4 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