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3400 108th Ave NE, Norman, OK 73026

3 beds • 3 baths • 2704 sqft

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This property looks like a bad Airbnb investment with a projected -6.4% first-year return on $91,500 initial cash invested.

-6.4%

Cash On Cash

4.89%

Cap Rate

0.79

DSCR

$2,956

Rent

-$488

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,956 income − $3,444 expenses = $488 out of pocket

Income$2,956Out of Pocket$488Mortgage P&I$1,79761%Property Taxes$1074%Insurance$1224%Management$44315%CapEx$1184%Maintenance$1184%Other$73925%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,956

Total Expenses

$3,444

Mortgage P&I

61%

$1,797

Property Taxes

4%

$107

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$443

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$739

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