204 3rd StPanama 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 204 3rd St, Panama City Beach, FL, 32413 offers $6,366/mo rent that, after a $3,568/mo payment, leaves $1,470/mo cash flow. Total monthly income is $6,366/mo, and annual cash flow is $17,643/yr on $239,841 cash. Return on cash invested measures 27.42% in year one, and rental yield stands at 10.48% at a $729,000 entry. Equity gained on principal adds $4,704/yr while 5% annual appreciation compounds into $201,409 by year five. Five-year ROI records 143.77% and total cumulative return in cash reaches $344,820. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,366/mo property income versus a $3,568/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1997
6,969 sqft lot
$N/A/sqft
$500 annually 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: Melissa A Haworth • EXP Realty LLC
Mls Name: CPAR
Mls Provider:
Mls ID: #773102
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.