122 Monterey AvePanama 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 122 Monterey Ave, Panama City Beach, FL, 32413 priced at $1,330,000 converts $3,098/mo rent into after a $6,510/mo obligation. Total monthly income equals $3,098/mo. Return on cash invested prints 4.42% in year one, and rental yield reads 2.8% against a $1,330,000 entry. Equity gained on principal adds $8,582/yr, while 5% annual appreciation compiles into $367,454 by year five. Five-year ROI reaches 20.27% and total cumulative return in cash sums $87,362. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,098/mo property income covering a $6,510/mo payment, not borrower’s personal income.
Single Family
Built in 1977
8,276 sqft lot
$N/A/sqft
No 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: Kellie Clements • Compass Florida, LLC
Mls Name: CPAR
Mls ID: #778175