REI Lense

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$3,086 (target)

3300 N Park Ln, Altus, OK 73521

3 beds • 2 baths • 1766 sqft

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This property might be a fair Mid-Term investment with a projected 8.54% first-year return on $72,390 initial cash invested.

8.54%

Cash On Cash

9.06%

Cap Rate

1.48

DSCR

$3,086

Rent

$515

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,086 income − $2,571 expenses = $515 cash flow

Income$3,086Mortgage P&I$1,31743%Property Taxes$1154%Insurance$913%Management$37012%CapEx$1234%Vacancy$933%Maintenance$1234%Other$33911%Cash Flow$515

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,390

Downpayment

20%

$51,800

Closing costs

1%

$2,590

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,086

Total Expenses

$2,571

Mortgage P&I

43%

$1,317

Property Taxes

4%

$115

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$370

CapEx

4%

$123

Vacancy

3%

$93

Maintenance

4%

$123

Other

11%

$339

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