REI Lense

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$2,304 (target)

2625 Cherokee Strip St, Altus, OK 73521

3 beds • 2 baths • 1934 sqft

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This property might be a fair Mid-Term investment with a projected 4.79% first-year return on $60,084 initial cash invested.

4.79%

Cash On Cash

8.4%

Cap Rate

1.31

DSCR

$2,304

Rent

$240

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,304 income − $2,064 expenses = $240 cash flow

Income$2,304Mortgage P&I$1,07046%Property Taxes$1406%Insurance$723%Management$27612%CapEx$924%Vacancy$693%Maintenance$924%Other$25311%Cash Flow$240

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,084

Downpayment

20%

$40,080

Closing costs

1%

$2,004

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,304

Total Expenses

$2,064

Mortgage P&I

46%

$1,070

Property Taxes

6%

$140

Home Insurance

3%

$72

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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