REI Lense

REI Lense

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$2,316 (target)

2509 Northern Hills Rd, Norman, OK 73071

3 beds • 2 baths • 1232 sqft

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This property might be a fair Mid-Term investment with a projected 0.87% first-year return on $64,998 initial cash invested.

0.87%

Cash On Cash

7.24%

Cap Rate

1.12

DSCR

$2,316

Rent

$47

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,316 income − $2,269 expenses = $47 cash flow

Income$2,316Mortgage P&I$1,21152%Property Taxes$1748%Insurance$803%HOA$161%Management$27812%CapEx$934%Vacancy$693%Maintenance$934%Other$25511%Cash Flow$47

Investment Breakdown

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Purchase Price

$224k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,998

Downpayment

20%

$44,760

Closing costs

1%

$2,238

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,316

Total Expenses

$2,269

Mortgage P&I

52%

$1,211

Property Taxes

8%

$174

Home Insurance

3%

$80

HOA

1%

$16

Property Management

12%

$278

CapEx

4%

$93

Vacancy

3%

$69

Maintenance

4%

$93

Other

11%

$255

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