REI Lense

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$1,878 (target)

903 W 7th St, Grove, OK 74344

3 beds • 2 baths • 1316 sqft

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This property might be a fair Mid-Term investment with a projected 7.35% first-year return on $49,794 initial cash invested.

7.35%

Cash On Cash

9.36%

Cap Rate

1.47

DSCR

$1,878

Rent

$305

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,878 income − $1,573 expenses = $305 cash flow

Income$1,878Mortgage P&I$80143%Property Taxes$553%Insurance$794%Management$22512%CapEx$754%Vacancy$563%Maintenance$754%Other$20711%Cash Flow$305

Investment Breakdown

|

Purchase Price

$151k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,794

Downpayment

20%

$30,280

Closing costs

1%

$1,514

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,878

Total Expenses

$1,573

Mortgage P&I

43%

$801

Property Taxes

3%

$55

Home Insurance

4%

$79

HOA

0%

$0

Property Management

12%

$225

CapEx

4%

$75

Vacancy

3%

$56

Maintenance

4%

$75

Other

11%

$207

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