REI Lense

REI Lense

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$1,461 (target)

918 Polk St, Altus, OK 73521

3 beds • 2 baths • 1359 sqft

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This property looks like a bad Long-Term investment with a projected -1.61% first-year return on $38,031 initial cash invested.

-1.61%

Cash On Cash

6.61%

Cap Rate

1.02

DSCR

$1,461

Rent

-$51

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,461 income − $1,512 expenses = $51 out of pocket

Income$1,461Out of Pocket$51Mortgage P&I$97667%Property Taxes$916%Insurance$654%Management$14610%CapEx$735%Vacancy$886%Maintenance$735%

Investment Breakdown

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Purchase Price

$181k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,031

Downpayment

20%

$36,220

Closing costs

1%

$1,811

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,461

Total Expenses

$1,512

Mortgage P&I

67%

$976

Property Taxes

6%

$91

Home Insurance

4%

$65

HOA

0%

$0

Property Management

10%

$146

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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