REI Lense

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$2,048 (target)

730 S 9th St, McAlester, OK 74501

3 beds • 2 baths • 2323 sqft

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This property might be a fair Long-Term investment with a projected 3.11% first-year return on $48,300 initial cash invested.

3.11%

Cash On Cash

7.69%

Cap Rate

1.18

DSCR

$2,048

Rent

$125

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,048 income − $1,923 expenses = $125 cash flow

Income$2,048Mortgage P&I$1,24761%Property Taxes$643%Insurance$804%Management$20510%CapEx$1025%Vacancy$1236%Maintenance$1025%Cash Flow$125

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,048

Total Expenses

$1,923

Mortgage P&I

61%

$1,247

Property Taxes

3%

$64

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$205

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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