REI Lense

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$2,596 (target)

1529 Oakwood Dr, Norman, OK 73069

3 beds • 2 baths • 1268 sqft

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This property might be a fair Mid-Term investment with a projected 2.51% first-year return on $67,434 initial cash invested.

2.51%

Cash On Cash

7.74%

Cap Rate

1.19

DSCR

$2,596

Rent

$141

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,596 income − $2,455 expenses = $141 cash flow

Income$2,596Mortgage P&I$1,27449%Property Taxes$2138%Insurance$843%Management$31212%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28611%Cash Flow$141

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,434

Downpayment

20%

$47,080

Closing costs

1%

$2,354

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,596

Total Expenses

$2,455

Mortgage P&I

49%

$1,274

Property Taxes

8%

$213

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$312

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$286

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