116 Damon Cir UNIT JPanama City BeachFL32407
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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 116 Damon Cir UNIT J, Panama City Beach, FL, 32407 priced at $180,000 converts $1,431/mo rent into $237/mo cash flow after a $881/mo obligation. Total monthly income equals $1,431/mo, and annual cash flow totals $2,838/yr on $59,670 invested. Return on cash invested prints 24.67% in year one, and rental yield reads 9.54% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 128.98% and total cumulative return in cash sums $76,961. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,431/mo property income covering a $881/mo payment, not borrower’s personal income.
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: Brittany Whittaker • Beachy Beach Real Estate
Mls Name: CPAR
Mls ID: #783515