109 N Palo Alto 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 109 N Palo Alto Ave, Panama City, FL, 32401 offers $3,169/mo rent that, after a $1,615/mo payment, leaves $979/mo cash flow. Total monthly income is $3,169/mo, and annual cash flow is $11,753/yr on $109,362 cash. Return on cash invested measures 30.66% in year one, and rental yield stands at 11.53% at a $329,900 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,145 by year five. Five-year ROI records 161.09% and total cumulative return in cash reaches $176,175. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,169/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
0.25 Acres lot
$N/A/sqft
No 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: Daniel Hagen • LPT Realty LLC
Mls Name: CPAR
Mls ID: #777943