11347 Front Beach Rd UNIT 407Panama City BeachFL32407
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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
Total monthly income runs $2,479/mo, and a $1,811/mo payment. Purchase price stands at $370,000, and rental yield measures 8.04% with $2,479/mo rent. Return on cash invested shows 14.2% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 74.99% and total cumulative return in cash records $91,985. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,479/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
$1,758 quarterly 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: Anthony M Nguyen • VIP Beach Destinations
Mls Name: CPAR
Mls Provider:
Mls ID: #754834
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.