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6708 E County Road 98, Midland, TX 79706

3 beds • 2 baths • 1578 sqft

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This property might be a fair Long-Term investment with a projected 6.51% first-year return on $52,500 initial cash invested.

6.51%

Cash On Cash

7.96%

Cap Rate

1.33

DSCR

$2,550

Rent

$285

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,550

Total Expenses

$2,265

Mortgage P&I

49%

$1,246

Property Taxes

10%

$267

Home Insurance

3%

$88

HOA

0%

$0

Property Management

10%

$255

CapEx

5%

$128

Vacancy

6%

$153

Maintenance

5%

$128

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

7410 E County Rd, 98, Midland, TX 79706

$2,256

3

2

1604

0.1 mi

7406 E County Rd, 98, Midland, TX 79706

$3,048

3

2

1604

0.2 mi

7410 E County Rd, 99, Midland, TX 79706

$2,413

3

2

1604

0.2 mi

7108 E County Rd, 99 1/2, Midland, TX 79706

$2,599

3

2

1550

0.5 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

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