1206 Stephen Dr APT 3Panama CityFL32405
Nearby investment properties with comparable rents
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
Investment property for sale in Panama City at 1206 Stephen Dr APT 3, Panama City, FL, 32405 with 5% annual appreciation on a $197,000 basis while $2,016/mo rent supports operations. Total monthly income totals $2,016/mo and a $964/mo payment preserves $657/mo for cash returns. Annual cash flow comes to $7,888/yr on $65,306 deployed, and return on cash invested reaches 31.99% in year one. Equity gained on principal adds $1,271/yr, and five-year appreciation sums $54,427 alongside rental yield of 12.28%. Five-year ROI measures 168.6% and total cumulative return in cash totals $110,102.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,016/mo property income versus a $964/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1986
2,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32405, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,910 (100%) |
| Owner Occupied HU | 7,737 (51.9%) |
| Renter Occupied HU | 4,741 (31.8%) |
| Vacant Housing Units | 2,432 (16.3%) |
| Median Home Value | $336,326 |
| Average Home Value | $395,025 |
Housing Distribution
Address Breakdown
Residential
13,594
Single Family
12,208
Multi-Family
1,386
Businesses
1,407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelli A Adams • ERA Neubauer Real Estate, Inc
Mls Name: CPAR
Mls Provider:
Mls ID: #760436
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.