116 Damon Cir Unit BPanama 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
Rental property for sale in Panama City Beach at 116 Damon Cir Unit B, Panama City Beach, FL, 32407 priced at $180,000 pairs $1,498/mo rent with $304/mo cash flow after a $881/mo payment. Total monthly income equals $1,498/mo, and annual cash flow comes to $3,642/yr on $59,670 invested. Return on cash invested is 26.01% in year one, and rental yield stands at 9.99% on a $180,000 basis. Equity gained on principal adds $1,162/yr, and 5% annual appreciation accumulates to $49,731 by year five. Five-year ROI measures 136.2% and total cumulative return in cash reaches $81,269. For financing, Ziffy Mortgage’s DSCR program evaluates $1,498/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1989
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: Elaine G Fenster • Coastal Palms Real Estate
Mls Name: CPAR
Mls ID: #784382