17643 Front Beach Rd UNIT 1202Panama 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
Total monthly income runs $2,822/mo, and a $2,883/mo payment. Purchase price stands at $589,000, and rental yield measures 5.75% with $2,822/mo rent. Return on cash invested shows 13.33% in year one, and 5% annual appreciation builds toward $162,730 over five years. Five-year ROI reaches 68.14% and total cumulative return in cash records $132,038. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,822/mo property income covering a $2,883/mo payment rather than investor’s personal income.
Condo
Built in 2008
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: Kelly R McGrath • Realty One Group Emerald Coast
Mls Name: CPAR
Mls ID: #778144