16819 Front Beach Rd UNIT 408Panama 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 16819 Front Beach Rd UNIT 408, Panama City Beach, FL, 32407 listed at $522,500 pairs $1,872/mo rent with a $2,557/mo payment. Total monthly income runs $1,872/mo. Return on cash invested measures 1.63% in year one, and rental yield registers 4.3% at a $522,500 basis. Equity gained on principal adds $3,372/yr, and annual property appreciation at 5% supports $144,357 by year five. Five-year ROI tracks 8.02% and total cumulative return in cash totals $13,792. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,872/mo property income relative to a $2,557/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
N/A lot
$N/A/sqft
$3,136 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: John Tait • Tait Real Estate LLC
Mls Name: ECAOR
Mls Provider:
Mls ID: #972227
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. Member number: 28189