REI Lense

REI Lense

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$2,521 (target)

1615 W 24th St, Panama City, FL 32405

3 beds • 2 baths • 2347 sqft

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This property looks like a bad Long-Term investment with a projected -7.16% first-year return on $73,395 initial cash invested.

-7.16%

Cash On Cash

5.15%

Cap Rate

0.83

DSCR

$2,521

Rent

-$438

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,521 income − $2,959 expenses = $438 out of pocket

Income$2,521Out of Pocket$438Mortgage P&I$1,81272%Property Taxes$37015%Insurance$1225%Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,395

Downpayment

20%

$69,900

Closing costs

1%

$3,495

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,521

Total Expenses

$2,959

Mortgage P&I

72%

$1,812

Property Taxes

15%

$370

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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