Single-Family Rental Financing in Altus, OK

Single-Family Rental investing in Altus

Single-family rentals are the cleanest DSCR file you can write in Altus. One unit, one lease, one Form 1007 market rent schedule, and the deepest set of sale and rent comps in the Jackson County appraisal market. Detached stock also carries the longest average tenancies, which is what actually protects the ratio you close at.

At the Altus median of $135,000, a single-family rental prices near $135,000. Minimum down is 20% ($27,000), leaving a loan of $108,000. Estimated all-in PITIA runs about $922 per month.

Returns and structure

Return metrics at the Altus median for this product: an estimated cap rate of 7.03%, and monthly cash flow of $353 positive at 20% down. A file that cash-flows at the minimum down payment is the exception in Oklahoma right now, and it gives you room to absorb an insurance renewal without going to the reserve account.