REI Lense

REI Lense

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$1,627 (target)

707 Quail Run Rd, Grove, OK 74344

3 beds • 2 baths • 1660 sqft

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This property looks like a bad Long-Term investment with a projected -6.69% first-year return on $49,854 initial cash invested.

-6.69%

Cash On Cash

5.45%

Cap Rate

0.85

DSCR

$1,627

Rent

-$278

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,627 income − $1,905 expenses = $278 out of pocket

Income$1,627Out of Pocket$278Mortgage P&I$1,27678%Property Taxes$1207%Insurance$865%Management$16310%CapEx$815%Vacancy$986%Maintenance$815%

Investment Breakdown

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Purchase Price

$237k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,854

Downpayment

20%

$47,480

Closing costs

1%

$2,374

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,627

Total Expenses

$1,905

Mortgage P&I

78%

$1,276

Property Taxes

7%

$120

Home Insurance

5%

$86

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$81

Vacancy

6%

$98

Maintenance

5%

$81

Other

0%

$0

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