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7030 E Alameda St, Norman, OK 73026

2 beds • 2 baths • 2220 sqft

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This property looks like a bad Long-Term investment with a projected -5.04% first-year return on $46,200 initial cash invested.

-5.04%

Cash On Cash

5.75%

Cap Rate

0.9

DSCR

$1,630

Rent

-$194

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,630

Total Expenses

$1,824

Mortgage P&I

72%

$1,166

Property Taxes

10%

$156

Home Insurance

5%

$77

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

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2

2.5

1950

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2

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3

2

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3

2

1990

3.8 mi

104 W Rancho Del Cerro

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4

2

2380

1.3 mi

1255 S Forest Knoll St

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2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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