REI Lense

REI Lense

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$1,800 (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 Long-Term investment with a projected -16.84% first-year return on $69,615 initial cash invested.

-16.84%

Cash On Cash

3.11%

Cap Rate

0.49

DSCR

$1,800

Rent

-$977

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,800 income − $2,777 expenses = $977 out of pocket

Income$1,800Out of Pocket$977Mortgage P&I$1,74697%Property Taxes$44125%Insurance$1227%Management$18010%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

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Purchase Price

$332k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,615

Downpayment

20%

$66,300

Closing costs

1%

$3,315

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,800

Total Expenses

$2,777

Mortgage P&I

97%

$1,746

Property Taxes

25%

$441

Home Insurance

7%

$122

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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