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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 Airbnb investment with a projected 2.47% first-year return on $70,500 initial cash invested.

2.47%

Cash On Cash

7.32%

Cap Rate

1.22

DSCR

$3,356

Rent

$145

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

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,356

Total Expenses

$3,211

Mortgage P&I

37%

$1,246

Property Taxes

8%

$267

Home Insurance

3%

$88

HOA

0%

$0

Property Management

15%

$503

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$839

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Comparable Property

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ADR

Beds

Baths

Distance

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2

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4

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2

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5

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2

1

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5

4

0.6 mi

1255 S Forest Knoll St

$1,100

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2

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0.9 mi

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$2,850

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5

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