REI Lense

REI Lense

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$2,465 (target)

63940 E 297th Ln, Grove, OK 74344

3 beds • 2 baths • 2039 sqft

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This property looks like a bad Long-Term investment with a projected -6.07% first-year return on $75,369 initial cash invested.

-6.07%

Cash On Cash

5.47%

Cap Rate

0.86

DSCR

$2,465

Rent

-$381

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,465 income − $2,846 expenses = $381 out of pocket

Income$2,465Out of Pocket$381Mortgage P&I$1,89577%Property Taxes$1827%Insurance$1295%Management$24610%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

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Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,369

Downpayment

20%

$71,780

Closing costs

1%

$3,589

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,465

Total Expenses

$2,846

Mortgage P&I

77%

$1,895

Property Taxes

7%

$182

Home Insurance

5%

$129

HOA

0%

$0

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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