REI Lense

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$2,067 (target)

604 S Lincoln St, Midland, TX 79701

3 beds • 2 baths • 1509 sqft

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This property looks like a bad Long-Term investment with a projected -0.98% first-year return on $57,750 initial cash invested.

-0.98%

Cash On Cash

6.63%

Cap Rate

1.04

DSCR

$2,067

Rent

-$47

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,067 income − $2,114 expenses = $47 out of pocket

Income$2,067Out of Pocket$47Mortgage P&I$1,46471%Property Taxes$171%Insurance$965%Management$20710%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,067

Total Expenses

$2,114

Mortgage P&I

71%

$1,464

Property Taxes

1%

$17

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$207

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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