REI Lense

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$2,938 (target)

2903 Meadow Ln, Edmond, OK 73013

3 beds • 2 baths • 1860 sqft

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This property might be a fair Mid-Term investment with a projected 2.69% first-year return on $76,779 initial cash invested.

2.69%

Cash On Cash

7.66%

Cap Rate

1.19

DSCR

$2,938

Rent

$172

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,938 income − $2,766 expenses = $172 cash flow

Income$2,938Mortgage P&I$1,49651%Property Taxes$1726%Insurance$983%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32311%Cash Flow$172

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,938

Total Expenses

$2,766

Mortgage P&I

51%

$1,496

Property Taxes

6%

$172

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$323

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