REI Lense

REI Lense

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$3,528 (target)

601 108th Ave SE, Norman, OK 73026

3 beds • 3 baths • 3145 sqft

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This property looks like a bad Mid-Term investment with a projected -5.84% first-year return on $120k initial cash invested.

-5.84%

Cash On Cash

5.07%

Cap Rate

0.82

DSCR

$3,528

Rent

-$585

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,528 income − $4,113 expenses = $585 out of pocket

Income$3,528Out of Pocket$585Mortgage P&I$2,49871%Property Taxes$2417%Insurance$1755%Management$42312%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38811%

Investment Breakdown

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Purchase Price

$486k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,260

Closing costs

1%

$4,863

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,528

Total Expenses

$4,113

Mortgage P&I

71%

$2,498

Property Taxes

7%

$241

Home Insurance

5%

$175

HOA

0%

$0

Property Management

12%

$423

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$388

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