REI Lense

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$1,579 (target)

2616 Walnut Rd, Norman, OK 73072

3 beds • 3 baths • 3106 sqft

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This property looks like a bad Long-Term investment with a projected -23.11% first-year return on $129k initial cash invested.

-23.11%

Cash On Cash

1.5%

Cap Rate

0.24

DSCR

$1,579

Rent

-$2,489

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,579 income − $4,068 expenses = $2,489 out of pocket

Income$1,579Out of Pocket$2,489Mortgage P&I$3,177201%Property Taxes$25216%Insurance$22814%Management$15810%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

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Purchase Price

$615k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$123k

Closing costs

1%

$6,154

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,579

Total Expenses

$4,068

Mortgage P&I

201%

$3,177

Property Taxes

16%

$252

Home Insurance

14%

$228

HOA

0%

$0

Property Management

10%

$158

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

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