REI Lense

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$2,874 (target)

7030 Mike Ln, Panama City, FL 32404

3 beds • 2 baths • 1658 sqft

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This property might be a fair Mid-Term investment with a projected 0.68% first-year return on $84,969 initial cash invested.

0.68%

Cash On Cash

6.71%

Cap Rate

1.1

DSCR

$2,874

Rent

$48

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,874 income − $2,826 expenses = $48 cash flow

Income$2,874Mortgage P&I$1,62056%Property Taxes$1134%Insurance$1164%Management$34512%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31611%Cash Flow$48

Investment Breakdown

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Purchase Price

$319k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,969

Downpayment

20%

$63,780

Closing costs

1%

$3,189

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,874

Total Expenses

$2,826

Mortgage P&I

56%

$1,620

Property Taxes

4%

$113

Home Insurance

4%

$116

HOA

0%

$0

Property Management

12%

$345

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$316

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