17620 Front Beach Rd #6-O6Panama City BeachFL32413
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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 17620 Front Beach Rd #6-O6, Panama City Beach, FL, 32413 generates $2,197/mo in rent and, after a $1,434/mo payment, leaves $253/mo in cash flow. Total monthly income is $2,197/mo, and annual cash flow is $3,032/yr on $97,130 invested. Return on cash invested sits at 23.03% in year one, and rental yield is 9% on a $293,000 entry. Equity gained on principal adds $1,891/yr, while 5% annual appreciation builds toward $80,951 over five years. Five-year ROI reaches 120.17% and total cumulative return in cash sums $116,722. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,197/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32413, Panama City Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,408 (100%) |
| Owner Occupied HU | 5,677 (32.6%) |
| Renter Occupied HU | 2,579 (14.8%) |
| Vacant Housing Units | 9,152 (52.6%) |
| Median Home Value | $430,573 |
| Average Home Value | $517,641 |
Housing Distribution
Address Breakdown
Residential
12,560
Single Family
10,041
Multi-Family
2,519
Businesses
718
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Listed by: Stephen Hachey • Lowest Fee Realty LLC
Mls Name: CPAR
Mls ID: #778726