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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 -10.26% first-year return on $85,158 initial cash invested.

-10.26%

Cash On Cash

3.77%

Cap Rate

0.62

DSCR

$2,579

Rent

-$728

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,579 income − $3,307 expenses = $728 out of pocket

Income$2,579Out of Pocket$728Mortgage P&I$1,63163%Property Taxes$32112%Insurance$1175%Management$38715%CapEx$1034%Maintenance$1034%Other$64525%

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

$2,579

Total Expenses

$3,307

Mortgage P&I

63%

$1,631

Property Taxes

12%

$321

Home Insurance

5%

$117

HOA

0%

$0

Property Management

15%

$387

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$645

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