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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 Airbnb investment with a projected -16.37% first-year return on $58,200 initial cash invested.

-16.37%

Cash On Cash

2.29%

Cap Rate

0.36

DSCR

$1,165

Rent

-$794

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

$58,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

5%

$12,000

Cashflow

Total Income

$1,165

Total Expenses

$1,959

Mortgage P&I

100%

$1,166

Property Taxes

13%

$156

Home Insurance

7%

$77

HOA

0%

$0

Property Management

15%

$175

CapEx

4%

$47

Vacancy

0%

$0

Maintenance

4%

$47

Other

25%

$291

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Vineyard is a quite charming little get away from life

$1,357

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1

1

2.16 mi

Sterling Suite at Whispering Pines Inn

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1

1

2.16 mi

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$1,217

$174

1

1

2.16 mi

Lavender Suite at Whispering Pines Inn

$993

$142

1

1

2.16 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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