1609 W 13th StPanama 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
Rental property for sale in Panama City at 1609 W 13th St, Panama City, FL, 32401 priced at $239,999 pairs $1,644/mo rent with $51/mo cash flow after a $1,175/mo payment. Total monthly income equals $1,644/mo, and annual cash flow comes to $612/yr on $79,560 invested. Return on cash invested is 20.68% in year one, and rental yield stands at 8.22% on a $239,999 basis. Equity gained on principal adds $1,549/yr, and 5% annual appreciation accumulates to $66,307 by year five. Five-year ROI measures 107.56% and total cumulative return in cash reaches $85,574. For financing, Ziffy Mortgage’s DSCR program evaluates $1,644/mo property income against a $1,175/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
8,276 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: Dave E Mathews • Virtual Tour Realty, LLC
Mls Name: CPAR
Mls ID: #780671