REI Lense

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$1,986 (target)

20886 E County Road 1642, Altus, OK 73521

3 beds • 2 baths • 1324 sqft

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This property might be a fair Mid-Term investment with a projected 4.23% first-year return on $54,792 initial cash invested.

4.23%

Cash On Cash

8.45%

Cap Rate

1.28

DSCR

$1,986

Rent

$193

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,986 income − $1,793 expenses = $193 cash flow

Income$1,986Mortgage P&I$96248%Property Taxes$945%Insurance$633%Management$23812%CapEx$794%Vacancy$603%Maintenance$794%Other$21811%Cash Flow$193

Investment Breakdown

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Purchase Price

$175k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,792

Downpayment

20%

$35,040

Closing costs

1%

$1,752

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$1,986

Total Expenses

$1,793

Mortgage P&I

48%

$962

Property Taxes

5%

$94

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$238

CapEx

4%

$79

Vacancy

3%

$60

Maintenance

4%

$79

Other

11%

$218

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