REI Lense

REI Lense

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$2,655 (target)

404 E 9th St, Grove, OK 74344

3 beds • 2 baths • 1760 sqft

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This property looks like a bad Mid-Term investment with a projected -3.15% first-year return on $82,722 initial cash invested.

-3.15%

Cash On Cash

5.96%

Cap Rate

0.93

DSCR

$2,655

Rent

-$217

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,655 income − $2,872 expenses = $217 out of pocket

Income$2,655Out of Pocket$217Mortgage P&I$1,64262%Property Taxes$2168%Insurance$1114%Management$31912%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29211%

Investment Breakdown

|

Purchase Price

$308k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,722

Downpayment

20%

$61,640

Closing costs

1%

$3,082

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,655

Total Expenses

$2,872

Mortgage P&I

62%

$1,642

Property Taxes

8%

$216

Home Insurance

4%

$111

HOA

0%

$0

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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