116 Riviera DrPanama City BeachFL32413
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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 Riviera Dr, Panama City Beach, FL, 32413 priced at $1,445,000 pairs $6,456/mo rent with after a $7,073/mo payment. Total monthly income equals $6,456/mo. Return on cash invested is 11.7% in year one, and rental yield stands at 5.36% on a $1,445,000 basis. Equity gained on principal adds $9,324/yr, and 5% annual appreciation accumulates to $399,227 by year five. Five-year ROI measures 59.54% and total cumulative return in cash reaches $278,771. For financing, Ziffy Mortgage’s DSCR program evaluates $6,456/mo property income against a $7,073/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
2,178 sqft lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32413, Panama City Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,408 (100%) |
| Owner Occupied HU | 5,677 (32.6%) |
| Renter Occupied HU | 2,579 (14.8%) |
| Vacant Housing Units | 9,152 (52.6%) |
| Median Home Value | $430,573 |
| Average Home Value | $517,641 |
Housing Distribution
Address Breakdown
Residential
12,560
Single Family
10,041
Multi-Family
2,519
Businesses
718
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Listed by: Rush Valentine • EXP Realty LLC
Mls Name: ECAOR
Mls Provider:
Mls ID: #974766
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Member number: 28189