REI Lense

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$2,309 (target)

2600 Summit Crossing Pkwy, Norman, OK 73071

3 beds • 2 baths • 2071 sqft

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This property looks like a bad Long-Term investment with a projected -8.83% first-year return on $71,862 initial cash invested.

-8.83%

Cash On Cash

4.55%

Cap Rate

0.76

DSCR

$2,309

Rent

-$529

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,309 income − $2,838 expenses = $529 out of pocket

Income$2,309Out of Pocket$529Mortgage P&I$1,71274%Property Taxes$36316%Insurance$1265%HOA$372%Management$23110%CapEx$1155%Vacancy$1396%Maintenance$1155%

Investment Breakdown

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Purchase Price

$342k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,862

Downpayment

20%

$68,440

Closing costs

1%

$3,422

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,309

Total Expenses

$2,838

Mortgage P&I

74%

$1,712

Property Taxes

16%

$363

Home Insurance

5%

$126

HOA

2%

$37

Property Management

10%

$231

CapEx

5%

$115

Vacancy

6%

$139

Maintenance

5%

$115

Other

0%

$0

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