1301 Foster Ave #A-bPanama CityFL32401
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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 at 1301 Foster Ave #A-b, Panama City, FL, 32401 offers a 8.47% rental yield on a $450,000 purchase with $3,178/mo rent. Total monthly income registers $3,178/mo, and a $2,203/mo payment leaves $191/mo available for distribution. Annual cash flow reaches $2,295/yr on $149,175 to close, and return on cash invested stands at 21.45% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 111.7% and total cumulative return in cash at $166,626. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,178/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1964
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32401, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,701 (100%) |
| Owner Occupied HU | 5,308 (49.6%) |
| Renter Occupied HU | 3,463 (32.4%) |
| Vacant Housing Units | 1,930 (18.0%) |
| Median Home Value | $223,044 |
| Average Home Value | $314,963 |
Housing Distribution
Address Breakdown
Residential
9,987
Single Family
9,043
Multi-Family
944
Businesses
1,148
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Listed by: Natalie A Ryan • CENTURY 21 Ryan Realty Inc
Mls Name: CPAR
Mls ID: #784047