REI Lense

REI Lense

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$1,767 (target)

328 Waterfront Dr, Norman, OK 73071

3 beds • 2 baths • 1749 sqft

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This property looks like a bad Long-Term investment with a projected -9.79% first-year return on $59,073 initial cash invested.

-9.79%

Cash On Cash

4.46%

Cap Rate

0.73

DSCR

$1,767

Rent

-$482

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,767 income − $2,249 expenses = $482 out of pocket

Income$1,767Out of Pocket$482Mortgage P&I$1,43981%Property Taxes$23313%Insurance$1026%HOA$161%Management$17710%CapEx$885%Vacancy$1066%Maintenance$885%

Investment Breakdown

|

Purchase Price

$281k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,073

Downpayment

20%

$56,260

Closing costs

1%

$2,813

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,767

Total Expenses

$2,249

Mortgage P&I

81%

$1,439

Property Taxes

13%

$233

Home Insurance

6%

$102

HOA

1%

$16

Property Management

10%

$177

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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