1607 Cape Cod Dr UNIT 1607Panama 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
Investment property for sale in Panama City Beach at 1607 Cape Cod Dr UNIT 1607, Panama City Beach, FL, 32407 earns from $1,530/mo rent with a $954/mo payment. Total monthly income totals $1,530/mo. ROI tracks 15.57% on current figures, and rental yield reads 9.42% at a $194,900 purchase. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,847 over five years. Five-year ROI reaches 83.38% and total cumulative return in cash sums $53,871. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,530/mo property income instead of your personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$1,410 quarterly 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: Nichole G Rogers • The Ketchersid Group LLC
Mls Name: CPAR
Mls Provider:
Mls ID: #776069
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.