REI Lense

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$2,424 (target)

909 Bay Ave, Panama City, FL 32401

3 beds • 2 baths • 1136 sqft

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This property might be a fair Mid-Term investment with a projected 8.68% first-year return on $58,782 initial cash invested.

8.68%

Cash On Cash

9.72%

Cap Rate

1.5

DSCR

$2,424

Rent

$425

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,424 income − $1,999 expenses = $425 cash flow

Income$2,424Mortgage P&I$1,05143%Property Taxes$412%Insurance$823%Management$29112%CapEx$974%Vacancy$733%Maintenance$974%Other$26711%Cash Flow$425

Investment Breakdown

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Purchase Price

$194k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,782

Downpayment

20%

$38,840

Closing costs

1%

$1,942

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,424

Total Expenses

$1,999

Mortgage P&I

43%

$1,051

Property Taxes

2%

$41

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$291

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$267

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