1109 Lighthouse RdPanama City BeachFL32407
Nearby investment properties with comparable rents
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
Rental property for sale in Panama City Beach at 1109 Lighthouse Rd, Panama City Beach, FL, 32407 priced at $185,000 converts $1,409/mo rent into $182/mo cash flow after a $905/mo obligation. Total monthly income equals $1,409/mo, and annual cash flow totals $2,181/yr on $61,328 invested. Return on cash invested prints 23.47% in year one, and rental yield reads 9.14% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 122.49% and total cumulative return in cash sums $75,123. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,409/mo property income covering a $905/mo payment, not borrower’s personal income.
Condo
Built in 2007
N/A 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: Dawn M Deckard • Keller Williams Success Realty
Mls Name: CPAR
Mls ID: #781102