REI Lense

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$1,745 (target)

2324 Turtlewood River Rd, Midwest City, OK 73130

3 beds • 2 baths • 1566 sqft

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This property looks like a bad Long-Term investment with a projected -9.34% first-year return on $55,650 initial cash invested.

-9.34%

Cash On Cash

4.57%

Cap Rate

0.74

DSCR

$1,745

Rent

-$433

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,745 income − $2,178 expenses = $433 out of pocket

Income$1,745Out of Pocket$433Mortgage P&I$1,35578%Property Taxes$25615%Insurance$935%HOA$211%Management$17410%CapEx$875%Vacancy$1056%Maintenance$875%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,650

Downpayment

20%

$53,000

Closing costs

1%

$2,650

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,745

Total Expenses

$2,178

Mortgage P&I

78%

$1,355

Property Taxes

15%

$256

Home Insurance

5%

$93

HOA

1%

$21

Property Management

10%

$174

CapEx

5%

$87

Vacancy

6%

$105

Maintenance

5%

$87

Other

0%

$0

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