REI Lense

REI Lense

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$2,600 (target)

1600 Ridgecrest Rd, Edmond, OK 73013

3 beds • 3 baths • 2306 sqft

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This property looks like a bad Long-Term investment with a projected -3.58% first-year return on $78,750 initial cash invested.

-3.58%

Cash On Cash

5.59%

Cap Rate

0.94

DSCR

$2,600

Rent

-$235

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,600 income − $2,835 expenses = $235 out of pocket

Income$2,600Out of Pocket$235Mortgage P&I$1,85271%Property Taxes$1767%Insurance$1315%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,600

Total Expenses

$2,835

Mortgage P&I

71%

$1,852

Property Taxes

7%

$176

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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