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$3,464 (target)

2600 Summit Crossing Pkwy, Norman, OK 73071

3 beds • 2 baths • 2071 sqft

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This property might be a fair Mid-Term investment with a projected 0.63% first-year return on $89,862 initial cash invested.

0.63%

Cash On Cash

6.66%

Cap Rate

1.11

DSCR

$3,464

Rent

$47

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,464 income − $3,417 expenses = $47 cash flow

Income$3,464Mortgage P&I$1,71249%Property Taxes$36310%Insurance$1264%HOA$371%Management$41612%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38111%Cash Flow$47

Investment Breakdown

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Purchase Price

$342k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,862

Downpayment

20%

$68,440

Closing costs

1%

$3,422

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,464

Total Expenses

$3,417

Mortgage P&I

49%

$1,712

Property Taxes

10%

$363

Home Insurance

4%

$126

HOA

1%

$37

Property Management

12%

$416

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$381

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