121 Cheri LnPanama CityFL32404
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 121 Cheri Ln, Panama City, FL, 32404 at $119,990 posts ROI 44.01% with $799/mo cash flow from $1,595/mo rent. Total monthly income equals $1,595/mo, and annual cash flow records $9,588/yr on $39,777 to close. Return on cash invested measures 44.01% and rental yield reads 15.95% at the current $119,990. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,151 by year five. Five-year ROI prints 232.82% and total cumulative return in cash totals $92,608.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,595/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1984
2,430 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32404, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,682 (100%) |
| Owner Occupied HU | 12,006 (61.0%) |
| Renter Occupied HU | 4,464 (22.7%) |
| Vacant Housing Units | 3,212 (16.3%) |
| Median Home Value | $327,530 |
| Average Home Value | $375,161 |
Housing Distribution
Address Breakdown
Residential
19,181
Single Family
18,746
Multi-Family
435
Businesses
569
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Listed by: Mario Gobel • RE/MAX Freedom
Mls Name: CPAR
Mls Provider:
Mls ID: #762160
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.