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508 Shade St, Panama City, FL 32404

3 beds • 2 baths • 1392 sqft

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This property looks like a bad Airbnb investment with a projected -9.66% first-year return on $63,591 initial cash invested.

-9.66%

Cash On Cash

3.57%

Cap Rate

0.59

DSCR

$1,410

Rent

-$512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,410 income − $1,922 expenses = $512 out of pocket

Income$1,410Out of Pocket$512Mortgage P&I$1,10278%Property Taxes$645%Insurance$806%Management$21215%CapEx$564%Maintenance$564%Other$35225%

Investment Breakdown

|

Purchase Price

$217k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,591

Downpayment

20%

$43,420

Closing costs

1%

$2,171

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,410

Total Expenses

$1,922

Mortgage P&I

78%

$1,102

Property Taxes

5%

$64

Home Insurance

6%

$80

HOA

0%

$0

Property Management

15%

$212

CapEx

4%

$56

Vacancy

0%

$0

Maintenance

4%

$56

Other

25%

$352

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