REI Lense

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$2,368 (target)

2616 Walnut Rd, Norman, OK 73072

3 beds • 3 baths • 3106 sqft

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This property looks like a bad Mid-Term investment with a projected -17.07% first-year return on $147k initial cash invested.

-17.07%

Cash On Cash

2.3%

Cap Rate

0.37

DSCR

$2,368

Rent

-$2,094

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,368 income − $4,462 expenses = $2,094 out of pocket

Income$2,368Out of Pocket$2,094Mortgage P&I$3,177134%Property Taxes$25211%Insurance$22810%Management$28412%CapEx$954%Vacancy$713%Maintenance$954%Other$26011%

Investment Breakdown

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Purchase Price

$615k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$123k

Closing costs

1%

$6,154

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,368

Total Expenses

$4,462

Mortgage P&I

134%

$3,177

Property Taxes

11%

$252

Home Insurance

10%

$228

HOA

0%

$0

Property Management

12%

$284

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$260

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