109 Michelle CtPanama City BeachFL32407
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Nearby investment properties with comparable prices
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
Investment property for sale in Panama City Beach at 109 Michelle Ct, Panama City Beach, FL, 32407 at $315,000 posts ROI 22.82% with $253/mo cash flow from $2,344/mo rent. Total monthly income equals $2,344/mo, and annual cash flow records $3,040/yr on $104,423 to close. Return on cash invested measures 22.82% and rental yield reads 8.93% at the current $315,000. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 by year five. Five-year ROI prints 119.07% and total cumulative return in cash totals $124,337.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,344/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1988
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32407, Panama City Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,951 (100%) |
| Owner Occupied HU | 3,651 (26.2%) |
| Renter Occupied HU | 4,348 (31.2%) |
| Vacant Housing Units | 5,952 (42.7%) |
| Median Home Value | $449,782 |
| Average Home Value | $483,329 |
Housing Distribution
Address Breakdown
Residential
10,160
Single Family
6,283
Multi-Family
3,877
Businesses
760
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Listed by: Dien and Andrew Group • Think Real Estate
Mls Name: CPAR
Mls ID: #777176