17620 Front Beach Rd UNIT I3Panama 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
Investment property for sale in Panama City Beach at 17620 Front Beach Rd UNIT I3, Panama City Beach, FL, 32413 uses $101,936 cash to close to unlock $7,181/yr annual cash flow and $598/mo monthly cash flow. Total monthly income runs $2,639/mo, and a $1,505/mo payment keeps the spread at $598/mo. Purchase price stands at $307,500, and rental yield measures 10.3% with $2,639/mo rent. Return on cash invested shows 26.95% in year one, and 5% annual appreciation builds toward $84,957 over five years. Five-year ROI reaches 141.22% and total cumulative return in cash records $143,955. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,639/mo property income covering a $1,505/mo payment rather than investor’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: Katelyn Dimond • Beachy Beach Real Estate
Mls Name: CPAR
Mls ID: #779477