REI Lense

REI Lense

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$2,284 (target)

4 Ridge Dr, Ponca City, OK 74604

3 beds • 2 baths • 2642 sqft

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This property looks like a bad Long-Term investment with a projected -8.82% first-year return on $79,968 initial cash invested.

-8.82%

Cash On Cash

4.59%

Cap Rate

0.75

DSCR

$2,284

Rent

-$588

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,284 income − $2,872 expenses = $588 out of pocket

Income$2,284Out of Pocket$588Mortgage P&I$1,93285%Property Taxes$2079%Insurance$1406%Management$22810%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

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Purchase Price

$381k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,968

Downpayment

20%

$76,160

Closing costs

1%

$3,808

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,284

Total Expenses

$2,872

Mortgage P&I

85%

$1,932

Property Taxes

9%

$207

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$228

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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