1629 Alligator DrPanaceaFL32346
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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 Panacea at 1629 Alligator Dr, Panacea, FL, 32346 with 5% annual appreciation on a $1,399,900 basis while $2,796/mo rent supports operations. 19% in year one. Equity gained on principal adds $9,033/yr, and five-year appreciation sums $386,767 alongside rental yield of 2.4%. Five-year ROI measures 13.68% and total cumulative return in cash totals $62,028. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,796/mo property income versus a $6,852/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32346, Panacea, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 727 (36.3%) |
| Renter Occupied HU | 238 (11.9%) |
| Vacant Housing Units | 1,038 (51.8%) |
| Median Home Value | $268,662 |
| Average Home Value | $367,627 |
Housing Distribution
Address Breakdown
Residential
1,227
Single Family
1,227
Multi-Family
0
Businesses
84
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Listed by: Katherine Searcy • The Naumann Group Real Estate
Mls Name: TBR
Mls Provider:
Mls ID: #383280
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.