1114 McKenzie 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
Investment property for sale in Panama City at 1114 McKenzie Ave, Panama City, FL, 32401 listed at $230,000 pairs $1,611/mo rent with a $1,126/mo payment to leave $84/mo cash flow. Total monthly income runs $1,611/mo, and annual cash flow reaches $1,013/yr on $76,245 cash to close. Return on cash invested measures 21.24% in year one, and rental yield registers 8.41% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 110.59% and total cumulative return in cash totals $84,319. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,611/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1949
6,969 sqft 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: Tyler S Smith • Legacy Premier Agency
Mls Name: CPAR
Mls ID: #782737