REI Lense

REI Lense

$2,366 (target)

3499 Joe Colby Rd, Ponca City, OK 74604

3 beds • 2 baths • 0 sqft

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This property might be a fair Mid-Term investment with a projected 5.04% first-year return on $60,189 initial cash invested.

5.04%

Cash On Cash

8.79%

Cap Rate

1.31

DSCR

$2,366

Rent

$253

Cashflow

Cash Flow

$2,366 income − $2,113 expenses = $253 cash flow

Income$2,366P&I$1,12448%Taxes$1145%Insurance$703%Mgmt$28412%CapEx$954%Vacancy$713%Maint.$954%Other$26011%Cash Flow$253

Investment Breakdown

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Purchase Price

$201k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,189

Downpayment

20%

$40,180

Closing costs

1%

$2,009

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,366

Total Expenses

$2,113

Mortgage P&I

48%

$1,124

Property Taxes

5%

$114

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$284

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$260

See Ponca City, OK mid-term rental market →

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