REI Lense

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$1,459 (target)

62024 E 286th Rd, Grove, OK 74344

3 beds • 2 baths • 1402 sqft

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This property looks like a bad Long-Term investment with a projected -5% first-year return on $40,530 initial cash invested.

-5%

Cash On Cash

6.12%

Cap Rate

0.91

DSCR

$1,459

Rent

-$169

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,459 income − $1,628 expenses = $169 out of pocket

Income$1,459Out of Pocket$169Mortgage P&I$1,08074%Property Taxes$987%Insurance$705%Management$14610%CapEx$735%Vacancy$886%Maintenance$735%

Investment Breakdown

|

Purchase Price

$193k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,530

Downpayment

20%

$38,600

Closing costs

1%

$1,930

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,459

Total Expenses

$1,628

Mortgage P&I

74%

$1,080

Property Taxes

7%

$98

Home Insurance

5%

$70

HOA

0%

$0

Property Management

10%

$146

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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