1603 Hope CirPanama City BeachFL32407
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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 1603 Hope Cir, Panama City Beach, FL, 32407 generates $2,492/mo in rent and, after a $1,659/mo payment, leaves $243/mo in cash flow. Total monthly income is $2,492/mo, and annual cash flow is $2,913/yr on $112,345 invested. Return on cash invested sits at 22.5% in year one, and rental yield is 8.82% on a $338,900 entry. Equity gained on principal adds $2,187/yr, while 5% annual appreciation builds toward $93,632 over five years. Five-year ROI reaches 117.33% and total cumulative return in cash sums $131,817. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,492/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32407, Panama City Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,951 (100%) |
| Owner Occupied HU | 3,651 (26.2%) |
| Renter Occupied HU | 4,348 (31.2%) |
| Vacant Housing Units | 5,952 (42.7%) |
| Median Home Value | $449,782 |
| Average Home Value | $483,329 |
Housing Distribution
Address Breakdown
Residential
10,160
Single Family
6,283
Multi-Family
3,877
Businesses
760
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Listed by: Timothy Adkins • Keller Williams Realty Southeast Alabama
Mls Name: CPAR
Mls Provider:
Mls ID: #763899
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.