2228 E 17th StPanama CityFL32405
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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 2228 E 17th St, Panama City, FL, 32405 priced at $1,500,000 converts $1,750/mo rent into after a $7,342/mo obligation. Total monthly income equals $1,750/mo. Return on cash invested prints 0.11% in year one, and rental yield reads 1.4% against a $1,500,000 entry. Equity gained on principal adds $9,679/yr, while 5% annual appreciation compiles into $414,422 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,750/mo property income covering a $7,342/mo payment, not borrower’s personal income.
Multi Family
Built in 2020
0.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32405, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,910 (100%) |
| Owner Occupied HU | 7,737 (51.9%) |
| Renter Occupied HU | 4,741 (31.8%) |
| Vacant Housing Units | 2,432 (16.3%) |
| Median Home Value | $336,326 |
| Average Home Value | $395,025 |
Housing Distribution
Address Breakdown
Residential
13,594
Single Family
12,208
Multi-Family
1,386
Businesses
1,407
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Listed by: Taylor Moorman • Scenic Sotheby's International Realty
Mls Name: CPAR
Mls Provider:
Mls ID: #756905
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.