REI Lense

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$3,290 (target)

2317 E 3rd St, Panama City, FL 32401

3 beds • 2 baths • 1472 sqft

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This property might be a fair Mid-Term investment with a projected 9.97% first-year return on $70,080 initial cash invested.

9.97%

Cash On Cash

9.54%

Cap Rate

1.57

DSCR

$3,290

Rent

$582

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,290 income − $2,708 expenses = $582 cash flow

Income$3,290Mortgage P&I$1,25838%Property Taxes$2417%Insurance$893%Management$39512%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36211%Cash Flow$582

Investment Breakdown

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Purchase Price

$248k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,080

Downpayment

20%

$49,600

Closing costs

1%

$2,480

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,290

Total Expenses

$2,708

Mortgage P&I

38%

$1,258

Property Taxes

7%

$241

Home Insurance

3%

$89

HOA

0%

$0

Property Management

12%

$395

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$362

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