141 Merrion RdSouthportFL32409
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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 Southport at 141 Merrion Rd, Southport, FL, 32409 uses $92,134 cash to close to unlock $6,731/yr annual cash flow and $561/mo monthly cash flow. Total monthly income runs $2,405/mo, and a $1,360/mo payment keeps the spread at $561/mo. Purchase price stands at $277,932, and rental yield measures 10.38% with $2,405/mo rent. Return on cash invested shows 27.21% in year one, and 5% annual appreciation builds toward $76,787 over five years. Five-year ROI reaches 142.59% and total cumulative return in cash records $131,371. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,405/mo property income covering a $1,360/mo payment rather than investor’s personal income.
Single Family
Built in 2019
0.25 Acres lot
$N/A/sqft
No 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
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