152 Merrion RdPanama CityFL32409
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
Investment Highlights
Rental property for sale in Panama City at 152 Merrion Rd, Panama City, FL, 32409 offers $2,987/mo rent that, after a $1,517/mo payment, leaves $930/mo cash flow. Total monthly income is $2,987/mo, and annual cash flow is $11,161/yr on $102,765 cash. Return on cash invested measures 30.77% in year one, and rental yield stands at 11.56% at a $310,000 entry. Equity gained on principal adds $2,000/yr while 5% annual appreciation compounds into $85,647 by year five. Five-year ROI records 161.72% and total cumulative return in cash reaches $166,195. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,987/mo property income versus a $1,517/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
7,405 sqft 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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Listed by: Stephanie M Shipp • World Impact Real Estate
Mls Name: CPAR
Mls ID: #784132