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1618 Homeland Ave, Norman, OK 73072

3 beds • 3 baths • 1900 sqft

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This property looks like a bad Airbnb investment with a projected -11.26% first-year return on $85,158 initial cash invested.

-11.26%

Cash On Cash

3.49%

Cap Rate

0.57

DSCR

$2,444

Rent

-$799

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,158

Downpayment

20%

$63,960

Closing costs

1%

$3,198

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,444

Total Expenses

$3,243

Mortgage P&I

67%

$1,631

Property Taxes

13%

$321

Home Insurance

5%

$117

HOA

0%

$0

Property Management

15%

$367

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$611

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