REI Lense

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$3,782 (target)

1615 W 24th St, Panama City, FL 32405

3 beds • 2 baths • 2347 sqft

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This property might be a fair Mid-Term investment with a projected 2.53% first-year return on $91,395 initial cash invested.

2.53%

Cash On Cash

7.4%

Cap Rate

1.19

DSCR

$3,782

Rent

$193

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,782 income − $3,589 expenses = $193 cash flow

Income$3,782Mortgage P&I$1,81248%Property Taxes$37010%Insurance$1223%Management$45412%CapEx$1514%Vacancy$1133%Maintenance$1514%Other$41611%Cash Flow$193

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,395

Downpayment

20%

$69,900

Closing costs

1%

$3,495

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,782

Total Expenses

$3,589

Mortgage P&I

48%

$1,812

Property Taxes

10%

$370

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$454

CapEx

4%

$151

Vacancy

3%

$113

Maintenance

4%

$151

Other

11%

$416

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