REI Lense

REI Lense

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$1,536 (target)

2625 Cherokee Strip St, Altus, OK 73521

3 beds • 2 baths • 1934 sqft

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This property looks like a bad Long-Term investment with a projected -4.16% first-year return on $42,084 initial cash invested.

-4.16%

Cash On Cash

5.99%

Cap Rate

0.94

DSCR

$1,536

Rent

-$146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,536 income − $1,682 expenses = $146 out of pocket

Income$1,536Out of Pocket$146Mortgage P&I$1,07070%Property Taxes$1409%Insurance$725%Management$15410%CapEx$775%Vacancy$926%Maintenance$775%

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,084

Downpayment

20%

$40,080

Closing costs

1%

$2,004

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,536

Total Expenses

$1,682

Mortgage P&I

70%

$1,070

Property Taxes

9%

$140

Home Insurance

5%

$72

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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