REI Lense

REI Lense

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$1,616 (target)

909 Bay Ave, Panama City, FL 32401

3 beds • 2 baths • 1136 sqft

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This property might be a fair Long-Term investment with a projected 0.62% first-year return on $40,782 initial cash invested.

0.62%

Cash On Cash

7.12%

Cap Rate

1.1

DSCR

$1,616

Rent

$21

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,616 income − $1,595 expenses = $21 cash flow

Income$1,616Mortgage P&I$1,05165%Property Taxes$413%Insurance$825%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%Cash Flow$21

Investment Breakdown

|

Purchase Price

$194k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,782

Downpayment

20%

$38,840

Closing costs

1%

$1,942

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,616

Total Expenses

$1,595

Mortgage P&I

65%

$1,051

Property Taxes

3%

$41

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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