121 James WaySouthportFL32409
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 121 James Way, Southport, FL, 32409 in Southport hard to pass up. The 19.82% gross yield on a $239,900 purchase results in $3,962/mo in rent and $2,295/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.67). Annual cash flow of $27,545, five-year appreciation of $66,280, and $2,210/yr in equity build-up combine for a projected total cumulative return of $239,469.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.8% | 6.5% |
| Monthly Cash Flow | $2,295 | $300 |
City averages based on Southport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,962 |
| Total Monthly Debt Service | $1,572 |
| DSCR Ratio | 2.52x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Lot
Built in N/A
0.53 Acres lot
$N/A/sqft
$225 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32409, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,269 (100%) |
| Owner Occupied HU | 3,255 (76.2%) |
| Renter Occupied HU | 416 ( 9.7%) |
| Vacant Housing Units | 598 (14.0%) |
| Median Home Value | $295,508 |
| Average Home Value | $343,498 |
Housing Distribution
Address Breakdown
Residential
4,626
Single Family
4,563
Multi-Family
63
Businesses
136
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
Lot
Built in N/A
0.53 Acres lot
$N/A/sqft
$225 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32409, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,269 (100%) |
| Owner Occupied HU | 3,255 (76.2%) |
| Renter Occupied HU | 416 ( 9.7%) |
| Vacant Housing Units | 598 (14.0%) |
| Median Home Value | $295,508 |
| Average Home Value | $343,498 |
Housing Distribution
Address Breakdown
Residential
4,626
Single Family
4,563
Multi-Family
63
Businesses
136
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices