1219 Thomas Dr #42Panama City BeachFL32408
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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
Investment property for sale in Panama City Beach at 1219 Thomas Dr #42, Panama City Beach, FL, 32408 uses $71,273 cash to close to unlock $10,179/yr annual cash flow and $848/mo monthly cash flow. Total monthly income runs $2,478/mo, and a $1,052/mo payment keeps the spread at $848/mo. Purchase price stands at $215,000, and rental yield measures 13.83% with $2,478/mo rent. Return on cash invested shows 34.19% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 181.3% and total cumulative return in cash records $129,217. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,478/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Manufactured
Built in 2005
2,613 sqft lot
$N/A/sqft
$610 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32408, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,067 (100%) |
| Owner Occupied HU | 5,754 (33.7%) |
| Renter Occupied HU | 2,749 (16.1%) |
| Vacant Housing Units | 8,564 (50.2%) |
| Median Home Value | $452,557 |
| Average Home Value | $531,414 |
Housing Distribution
Address Breakdown
Residential
12,556
Single Family
6,877
Multi-Family
5,679
Businesses
523
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Listed by: Nathan Lawrence • Keller Williams Success Realty
Mls Name: CPAR
Mls Provider:
Mls ID: #756927
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.