REI Lense

REI Lense

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$2,684 (target)

3112 Pelican Way, Blanchard, OK 73010

3 beds • 2 baths • 2199 sqft

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This property might be a fair Long-Term investment with a projected 0.74% first-year return on $66,150 initial cash invested.

0.74%

Cash On Cash

6.8%

Cap Rate

1.11

DSCR

$2,684

Rent

$41

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,684 income − $2,643 expenses = $41 cash flow

Income$2,684Mortgage P&I$1,61160%Property Taxes$1817%Insurance$1104%HOA$442%Management$26810%CapEx$1345%Vacancy$1616%Maintenance$1345%Cash Flow$41

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,684

Total Expenses

$2,643

Mortgage P&I

60%

$1,611

Property Taxes

7%

$181

Home Insurance

4%

$110

HOA

2%

$44

Property Management

10%

$268

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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