213 N Cove BlvdPanama CityFL32401
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Nearby investment properties with comparable prices
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 at 213 N Cove Blvd, Panama City, FL, 32401 at $324,000 posts ROI 23.63% with $333/mo cash flow from $2,483/mo rent. Total monthly income equals $2,483/mo, and annual cash flow records $3,992/yr on $107,406 to close. Return on cash invested measures 23.63% and rental yield reads 9.2% at the current $324,000. Equity gained on principal adds $2,091/yr, and 5% annual appreciation supports $89,515 by year five. Five-year ROI prints 123.37% and total cumulative return in cash totals $132,503.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,483/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1926
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32401, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,701 (100%) |
| Owner Occupied HU | 5,308 (49.6%) |
| Renter Occupied HU | 3,463 (32.4%) |
| Vacant Housing Units | 1,930 (18.0%) |
| Median Home Value | $223,044 |
| Average Home Value | $314,963 |
Housing Distribution
Address Breakdown
Residential
9,987
Single Family
9,043
Multi-Family
944
Businesses
1,148
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Listed by: Elite Group of Keller Williams • Keller Williams Success Realty
Mls Name: CPAR
Mls ID: #783428