REI Lense

REI Lense

$1,494 (target)

4511 NW Cheyenne Ave, Lawton, OK 73505

3 beds • 2 baths • 1400 sqft

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This property might be a fair Mid-Term investment with a projected 4.3% first-year return on $44,418 initial cash invested.

4.3%

Cash On Cash

8.7%

Cap Rate

1.32

DSCR

$1,494

Rent

$159

Cashflow

Cash Flow

$1,494 income − $1,335 expenses = $159 cash flow

Income$1,494P&I$69346%Taxes$896%Insurance$453%Mgmt$17912%CapEx$604%Vacancy$453%Maint.$604%Other$16411%Cash Flow$159

Investment Breakdown

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Purchase Price

$126k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,418

Downpayment

20%

$25,160

Closing costs

1%

$1,258

Rehab

0%

$0

Furnishing

14%

$18,000

Cashflow

Total Income

$1,494

Total Expenses

$1,335

Mortgage P&I

46%

$693

Property Taxes

6%

$89

Home Insurance

3%

$45

HOA

0%

$0

Property Management

12%

$179

CapEx

4%

$60

Vacancy

3%

$45

Maintenance

4%

$60

Other

11%

$164

See Lawton, OK mid-term rental market →

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