REI Lense

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$1,914 (target)

411 Detroit Ave, Panama City, FL 32401

3 beds • 2 baths • 1140 sqft

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This property looks like a bad Long-Term investment with a projected -0.23% first-year return on $46,116 initial cash invested.

-0.23%

Cash On Cash

6.88%

Cap Rate

1.07

DSCR

$1,914

Rent

-$9

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,914 income − $1,923 expenses = $9 out of pocket

Income$1,914Out of Pocket$9Mortgage P&I$1,17261%Property Taxes$18310%Insurance$704%Management$19110%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,116

Downpayment

20%

$43,920

Closing costs

1%

$2,196

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,914

Total Expenses

$1,923

Mortgage P&I

61%

$1,172

Property Taxes

10%

$183

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$191

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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