REI Lense

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$2,406 (target)

3010 S Indian Meridian Rd, Choctaw, OK 73020

3 beds • 2 baths • 1504 sqft

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This property could be a profitable Mid-Term investment with a projected 28.03% first-year return on $39,000 initial cash invested.

28.03%

Cash On Cash

18.28%

Cap Rate

2.95

DSCR

$2,406

Rent

$911

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,406 income − $1,495 expenses = $911 cash flow

Income$2,406Mortgage P&I$51621%Property Taxes$1265%Insurance$351%Management$28912%CapEx$964%Vacancy$723%Maintenance$964%Other$26511%Cash Flow$911

Investment Breakdown

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Purchase Price

$100,000

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,000

Downpayment

20%

$20,000

Closing costs

1%

$1,000

Rehab

0%

$0

Furnishing

18%

$18,000

Cashflow

Total Income

$2,406

Total Expenses

$1,495

Mortgage P&I

21%

$516

Property Taxes

5%

$126

Home Insurance

1%

$35

HOA

0%

$0

Property Management

12%

$289

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$265

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