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4202 N Crestgate Ave, Midland, TX 79707

4 beds • 3 baths • 3300 sqft

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This property might be a fair Airbnb investment with a projected 1.94% first-year return on $119k initial cash invested.

1.94%

Cash On Cash

6.89%

Cap Rate

1.19

DSCR

$5,546

Rent

$192

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

$119k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

5%

$24,000

Cashflow

Total Income

$5,546

Total Expenses

$5,354

Mortgage P&I

39%

$2,169

Property Taxes

7%

$365

Home Insurance

3%

$158

HOA

0%

$0

Property Management

15%

$832

CapEx

4%

$222

Vacancy

0%

$0

Maintenance

4%

$222

Other

25%

$1,386

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