1268 Alligator DrPanaceaFL32346
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 1268 Alligator Dr, Panacea, FL, 32346 in Panacea worth study. Rental yield 4.57%. The 4.57% gross yield is below cash-flow benchmarks at $550,000, but 5% annual appreciation, adding $151,955 over five years, frames this as a capital growth position. Rent of $2,017/mo partially offsets the $2,473/mo payment. Ziffy Mortgage finances appreciation-play properties (0.82 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $104,610.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.6% | 5.3% |
| Monthly Cash Flow | $(1,556) | $250 |
City averages based on Panacea market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,017 |
| Total Monthly Debt Service | $3,431 |
| DSCR Ratio | 0.59x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1999
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32346, Panacea, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 727 (36.3%) |
| Renter Occupied HU | 238 (11.9%) |
| Vacant Housing Units | 1,038 (51.8%) |
| Median Home Value | $268,662 |
| Average Home Value | $367,627 |
Housing Distribution
Address Breakdown
Residential
1,227
Single Family
1,227
Multi-Family
0
Businesses
84
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
Single Family
Built in 1999
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32346, Panacea, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 727 (36.3%) |
| Renter Occupied HU | 238 (11.9%) |
| Vacant Housing Units | 1,038 (51.8%) |
| Median Home Value | $268,662 |
| Average Home Value | $367,627 |
Housing Distribution
Address Breakdown
Residential
1,227
Single Family
1,227
Multi-Family
0
Businesses
84
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Armand G Reyes • Timber & Tides Real Estate
Mls Name: TBR
Mls Provider:
Mls ID: #385529
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.