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2801 Firewheel Rd, Edmond, OK 73013

3 beds • 3 baths • 2450 sqft

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This property looks like a bad Airbnb investment with a projected -9.1% first-year return on $105k initial cash invested.

-9.1%

Cash On Cash

4.25%

Cap Rate

0.69

DSCR

$3,508

Rent

-$795

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,508 income − $4,303 expenses = $795 out of pocket

Income$3,508Out of Pocket$795Mortgage P&I$2,12060%Property Taxes$3249%Insurance$1474%HOA$291%Management$52615%CapEx$1404%Maintenance$1404%Other$87725%

Investment Breakdown

|

Purchase Price

$414k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,720

Closing costs

1%

$4,136

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,508

Total Expenses

$4,303

Mortgage P&I

60%

$2,120

Property Taxes

9%

$324

Home Insurance

4%

$147

HOA

1%

$29

Property Management

15%

$526

CapEx

4%

$140

Vacancy

0%

$0

Maintenance

4%

$140

Other

25%

$877

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