REI Lense

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$2,656 (target)

1112 Briar Ridge Rd, Enid, OK 73703

3 beds • 2 baths • 2103 sqft

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This property looks like a bad Mid-Term investment with a projected -1.9% first-year return on $77,136 initial cash invested.

-1.9%

Cash On Cash

6.38%

Cap Rate

0.99

DSCR

$2,656

Rent

-$122

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,656 income − $2,778 expenses = $122 out of pocket

Income$2,656Out of Pocket$122Mortgage P&I$1,51357%Property Taxes$26010%Insurance$1024%Management$31912%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29211%

Investment Breakdown

|

Purchase Price

$282k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,136

Downpayment

20%

$56,320

Closing costs

1%

$2,816

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,656

Total Expenses

$2,778

Mortgage P&I

57%

$1,513

Property Taxes

10%

$260

Home Insurance

4%

$102

HOA

0%

$0

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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