REI Lense

REI Lense

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$1,858 (target)

705 W Oriole St, Altus, OK 73521

3 beds • 2 baths • 1107 sqft

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This property might be a fair Mid-Term investment with a projected 7.35% first-year return on $49,479 initial cash invested.

7.35%

Cash On Cash

9.51%

Cap Rate

1.46

DSCR

$1,858

Rent

$303

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,858 income − $1,555 expenses = $303 cash flow

Income$1,858Mortgage P&I$81144%Property Taxes$613%Insurance$523%Management$22312%CapEx$744%Vacancy$563%Maintenance$744%Other$20411%Cash Flow$303

Investment Breakdown

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Purchase Price

$150k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,479

Downpayment

20%

$29,980

Closing costs

1%

$1,499

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,858

Total Expenses

$1,555

Mortgage P&I

44%

$811

Property Taxes

3%

$61

Home Insurance

3%

$52

HOA

0%

$0

Property Management

12%

$223

CapEx

4%

$74

Vacancy

3%

$56

Maintenance

4%

$74

Other

11%

$204

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