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4304 Kniffen Dr, Midland, TX 79705

3 beds • 2 baths • 2074 sqft

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This property looks like a bad Long-Term investment with a projected -7.52% first-year return on $91,077 initial cash invested.

-7.52%

Cash On Cash

4.63%

Cap Rate

0.79

DSCR

$2,663

Rent

-$571

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$434k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,077

Downpayment

20%

$86,740

Closing costs

1%

$4,337

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,663

Total Expenses

$3,234

Mortgage P&I

79%

$2,110

Property Taxes

9%

$250

Home Insurance

7%

$182

HOA

0%

$0

Property Management

10%

$266

CapEx

5%

$133

Vacancy

6%

$160

Maintenance

5%

$133

Other

0%

$0

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