224 Highway 22 #APanama CityFL32404
Nearby investment properties with comparable rents
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 224 Highway 22 #A, Panama City, FL, 32404 offers a 18.11% rental yield on a $130,000 purchase with $1,962/mo rent. Total monthly income registers $1,962/mo, and a $636/mo payment leaves $1,100/mo available for distribution. Annual cash flow reaches $13,195/yr on $43,095 to close, and return on cash invested stands at 50.53% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 267.66% and total cumulative return in cash at $115,347. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,962/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1980
0.65 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jolene Bryant • LPT Realty LLC
Mls Name: CPAR
Mls Provider:
Mls ID: #728386
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.