REI Lense

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$2,505 (target)

114 N Seneca St, Grove, OK 74344

3 beds • 2 baths • 1800 sqft

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This property might be a fair Mid-Term investment with a projected 5.32% first-year return on $62,751 initial cash invested.

5.32%

Cash On Cash

8.55%

Cap Rate

1.33

DSCR

$2,505

Rent

$278

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,505 income − $2,227 expenses = $278 cash flow

Income$2,505Mortgage P&I$1,14046%Property Taxes$1586%Insurance$773%Management$30112%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27611%Cash Flow$278

Investment Breakdown

|

Purchase Price

$213k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,751

Downpayment

20%

$42,620

Closing costs

1%

$2,131

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,505

Total Expenses

$2,227

Mortgage P&I

46%

$1,140

Property Taxes

6%

$158

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$301

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$276

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