REI Lense

REI Lense

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$2,155 (target)

113 Chardonnay Ln, Norman, OK 73071

3 beds • 2 baths • 2087 sqft

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This property looks like a bad Long-Term investment with a projected -14.98% first-year return on $77,469 initial cash invested.

-14.98%

Cash On Cash

3.62%

Cap Rate

0.56

DSCR

$2,155

Rent

-$967

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,155 income − $3,122 expenses = $967 out of pocket

Income$2,155Out of Pocket$967Mortgage P&I$1,97191%Property Taxes$31715%Insurance$1316%HOA$1427%Management$21610%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$369k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,469

Downpayment

20%

$73,780

Closing costs

1%

$3,689

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,155

Total Expenses

$3,122

Mortgage P&I

91%

$1,971

Property Taxes

15%

$317

Home Insurance

6%

$131

HOA

7%

$142

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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