1824 Mallard Dr APT BPanama CityFL32404
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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 at 1824 Mallard Dr APT B, Panama City, FL, 32404 generates $2,327/mo in rent and, after a $1,419/mo payment, leaves $403/mo in cash flow. Total monthly income is $2,327/mo, and annual cash flow is $4,837/yr on $96,102 invested. Return on cash invested sits at 24.94% in year one, and rental yield is 9.63% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 130.46% and total cumulative return in cash sums $125,373. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,327/mo property income rather than buyer’s personal income.
Townhouse
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32404, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,682 (100%) |
| Owner Occupied HU | 12,006 (61.0%) |
| Renter Occupied HU | 4,464 (22.7%) |
| Vacant Housing Units | 3,212 (16.3%) |
| Median Home Value | $327,530 |
| Average Home Value | $375,161 |
Housing Distribution
Address Breakdown
Residential
19,181
Single Family
18,746
Multi-Family
435
Businesses
569
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Listed by: Matt R Keaton • Counts Real Estate Group Inc
Mls Name: CPAR
Mls ID: #783632