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1600 Ridgecrest Rd, Edmond, OK 73013

3 beds • 3 baths • 2306 sqft

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This property looks like a bad Airbnb investment with a projected -4.82% first-year return on $96,750 initial cash invested.

-4.82%

Cash On Cash

5.12%

Cap Rate

0.86

DSCR

$3,403

Rent

-$389

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,403 income − $3,792 expenses = $389 out of pocket

Income$3,403Out of Pocket$389Mortgage P&I$1,85254%Property Taxes$1765%Insurance$1314%Management$51015%CapEx$1364%Maintenance$1364%Other$85125%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,750

Downpayment

20%

$75,000

Closing costs

1%

$3,750

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,403

Total Expenses

$3,792

Mortgage P&I

54%

$1,852

Property Taxes

5%

$176

Home Insurance

4%

$131

HOA

0%

$0

Property Management

15%

$510

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$851

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