REI Lense

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$2,700 (target)

3104 W 16th St, Panama City, FL 32401

3 beds • 2 baths • 1273 sqft

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This property looks like a bad Mid-Term investment with a projected -7.22% first-year return on $87,615 initial cash invested.

-7.22%

Cash On Cash

4.8%

Cap Rate

0.76

DSCR

$2,700

Rent

-$527

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,700 income − $3,227 expenses = $527 out of pocket

Income$2,700Out of Pocket$527Mortgage P&I$1,74665%Property Taxes$44116%Insurance$1225%Management$32412%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29711%

Investment Breakdown

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Purchase Price

$332k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,615

Downpayment

20%

$66,300

Closing costs

1%

$3,315

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,700

Total Expenses

$3,227

Mortgage P&I

65%

$1,746

Property Taxes

16%

$441

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$324

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$297

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