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3112 Buffalo Ln, Grove, OK 74344

3 beds • 2 baths • 2278 sqft

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This property looks like a bad Airbnb investment with a projected -12.1% first-year return on $98,640 initial cash invested.

-12.1%

Cash On Cash

3.12%

Cap Rate

0.53

DSCR

$2,436

Rent

-$995

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,436 income − $3,431 expenses = $995 out of pocket

Income$2,436Out of Pocket$995Mortgage P&I$1,89678%Property Taxes$2279%Insurance$1406%Management$36515%CapEx$974%Maintenance$974%Other$60925%

Investment Breakdown

|

Purchase Price

$384k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,640

Downpayment

20%

$76,800

Closing costs

1%

$3,840

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,436

Total Expenses

$3,431

Mortgage P&I

78%

$1,896

Property Taxes

9%

$227

Home Insurance

6%

$140

HOA

0%

$0

Property Management

15%

$365

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$609

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