REI Lense

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$2,059 (target)

405 Fairway Cir, Grove, OK 74344

3 beds • 2 baths • 1640 sqft

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This property looks like a bad Long-Term investment with a projected -12.83% first-year return on $76,524 initial cash invested.

-12.83%

Cash On Cash

4.04%

Cap Rate

0.63

DSCR

$2,059

Rent

-$818

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,059 income − $2,877 expenses = $818 out of pocket

Income$2,059Out of Pocket$818Mortgage P&I$1,94294%Property Taxes$26813%Insurance$1316%Management$20610%CapEx$1035%Vacancy$1246%Maintenance$1035%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,524

Downpayment

20%

$72,880

Closing costs

1%

$3,644

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,059

Total Expenses

$2,877

Mortgage P&I

94%

$1,942

Property Taxes

13%

$268

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$206

CapEx

5%

$103

Vacancy

6%

$124

Maintenance

5%

$103

Other

0%

$0

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