REI Lense

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$2,397 (target)

1802 Barb Dr, Norman, OK 73071

3 beds • 2 baths • 1525 sqft

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This property might be a fair Mid-Term investment with a projected 0.32% first-year return on $66,636 initial cash invested.

0.32%

Cash On Cash

6.99%

Cap Rate

1.09

DSCR

$2,397

Rent

$18

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,397 income − $2,379 expenses = $18 cash flow

Income$2,397Mortgage P&I$1,23652%Property Taxes$24310%Insurance$844%Management$28812%CapEx$964%Vacancy$723%Maintenance$964%Other$26411%Cash Flow$18

Investment Breakdown

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Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,636

Downpayment

20%

$46,320

Closing costs

1%

$2,316

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,397

Total Expenses

$2,379

Mortgage P&I

52%

$1,236

Property Taxes

10%

$243

Home Insurance

4%

$84

HOA

0%

$0

Property Management

12%

$288

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$264

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