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2002 N Draper Ave, Choctaw, OK 73020

3 beds • 2 baths • 1502 sqft

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This property looks like a bad Airbnb investment with a projected -9.59% first-year return on $81,483 initial cash invested.

-9.59%

Cash On Cash

3.76%

Cap Rate

0.63

DSCR

$2,234

Rent

-$651

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,234 income − $2,885 expenses = $651 out of pocket

Income$2,234Out of Pocket$651Mortgage P&I$1,50968%Property Taxes$1989%Insurance$1075%Management$33515%CapEx$894%Maintenance$894%Other$55825%

Investment Breakdown

|

Purchase Price

$302k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,483

Downpayment

20%

$60,460

Closing costs

1%

$3,023

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,234

Total Expenses

$2,885

Mortgage P&I

68%

$1,509

Property Taxes

9%

$198

Home Insurance

5%

$107

HOA

0%

$0

Property Management

15%

$335

CapEx

4%

$89

Vacancy

0%

$0

Maintenance

4%

$89

Other

25%

$558

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