102 Cove AvePanama CityFL32401
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Panama City at 102 Cove Ave, Panama City, FL, 32401 priced at $246,000 pairs $2,179/mo rent with $272/mo cash flow after a $1,204/mo payment. Total monthly income equals $2,179/mo, and annual cash flow comes to $3,259/yr on $81,549 invested. Return on cash invested is 23.9% in year one, and rental yield stands at 10.63% on a $246,000 basis. Equity gained on principal adds $1,587/yr, and 5% annual appreciation accumulates to $67,965 by year five. Five-year ROI measures 126.33% and total cumulative return in cash reaches $103,022. For financing, Ziffy Mortgage’s DSCR program evaluates $2,179/mo property income against a $1,204/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
9,365 sqft lot
$N/A/sqft
$275 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32401, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,701 (100%) |
| Owner Occupied HU | 5,308 (49.6%) |
| Renter Occupied HU | 3,463 (32.4%) |
| Vacant Housing Units | 1,930 (18.0%) |
| Median Home Value | $223,044 |
| Average Home Value | $314,963 |
Housing Distribution
Address Breakdown
Residential
9,987
Single Family
9,043
Multi-Family
944
Businesses
1,148
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Listed by: N/A • N/A
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