REI Lense

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$2,624 (target)

319 Harlem Ave, Panama City, FL 32401

3 beds • 2 baths • 1032 sqft

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This property might be a fair Mid-Term investment with a projected 4.76% first-year return on $64,305 initial cash invested.

4.76%

Cash On Cash

8.45%

Cap Rate

1.3

DSCR

$2,624

Rent

$255

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,624 income − $2,369 expenses = $255 cash flow

Income$2,624Mortgage P&I$1,19245%Property Taxes$2048%Insurance$803%Management$31512%CapEx$1054%Vacancy$793%Maintenance$1054%Other$28911%Cash Flow$255

Investment Breakdown

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Purchase Price

$221k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,305

Downpayment

20%

$44,100

Closing costs

1%

$2,205

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,624

Total Expenses

$2,369

Mortgage P&I

45%

$1,192

Property Taxes

8%

$204

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$315

CapEx

4%

$105

Vacancy

3%

$79

Maintenance

4%

$105

Other

11%

$289

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