REI Lense

REI Lense

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$1,770 (target)

404 E 9th St, Grove, OK 74344

3 beds • 2 baths • 1760 sqft

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This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $64,722 initial cash invested.

-12.2%

Cash On Cash

4.17%

Cap Rate

0.65

DSCR

$1,770

Rent

-$658

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,770 income − $2,428 expenses = $658 out of pocket

Income$1,770Out of Pocket$658Mortgage P&I$1,64293%Property Taxes$21612%Insurance$1116%Management$17710%CapEx$885%Vacancy$1066%Maintenance$885%

Investment Breakdown

|

Purchase Price

$308k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,722

Downpayment

20%

$61,640

Closing costs

1%

$3,082

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,770

Total Expenses

$2,428

Mortgage P&I

93%

$1,642

Property Taxes

12%

$216

Home Insurance

6%

$111

HOA

0%

$0

Property Management

10%

$177

CapEx

5%

$88

Vacancy

6%

$106

Maintenance

5%

$88

Other

0%

$0

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