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This property could be a profitable Long-Term investment with a projected 10.74% first-year return on $50,400 initial cash invested.
10.74%
Cash On Cash
9.22%
Cap Rate
1.48
DSCR
$2,870
Rent
$451
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,870
Total Expenses
$2,419
Mortgage P&I
43%
$1,248
Property Taxes
12%
$340
Home Insurance
3%
$84
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
2302 Humble Ave, Midland, TX 79705 | $2,900 | 4 | 2 | 2200 | 1.2 mi |
2300 W Golf Course Rd, Midland, TX 79701 | $3,000 | 4 | 2 | 2190 | 1.3 mi |
801 W Golf Course Rd, Midland, TX 79701 | $2,500 | 4 | 2 | 2310 | 0.7 mi |
716 W Dormard Ave, Midland, TX 79705 | $2,900 | 4 | 2 | 2401 | 0.1 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 |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality