Contract Assignment · 3BR/2.0BA in Midland, TX | $115,000

About this deal

Assignable purchase contract on a 3-bed, 2.0-bath single-family home located at 1515 Idlewilde Dr, Midland, TX. Contract price $115,000. Assignment fee is pre-negotiated and already priced in. Comps support solid post-rehab value — an equity play with minimal work required.

The numbers

Cap rate

8.1%

Net operating income

$28,932/yr

Cash flow

+$2,411/mo

Occupancy

15 of 38 units

Figures are provided by the seller and haven’t been verified by ListDeed. Do your own due diligence.