2289 Surf Rd UNIT A01PanaceaFL32346
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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
Investment property for sale in Panacea at 2289 Surf Rd UNIT A01, Panacea, FL, 32346 earns from $3,661/mo rent with a $3,059/mo payment. Total monthly income totals $3,661/mo. ROI tracks 12.84% on current figures, and rental yield reads 7.03% at a $625,000 purchase. Equity gained on principal adds $4,033/yr, and 5% annual appreciation supports $172,676 over five years. Five-year ROI reaches 67.11% and total cumulative return in cash sums $137,989. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,661/mo property income instead of your personal income.
Condo
Built in 1992
435.60 sqft lot
$N/A/sqft
$9,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32346, Panacea, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 727 (36.3%) |
| Renter Occupied HU | 238 (11.9%) |
| Vacant Housing Units | 1,038 (51.8%) |
| Median Home Value | $268,662 |
| Average Home Value | $367,627 |
Housing Distribution
Address Breakdown
Residential
1,227
Single Family
1,227
Multi-Family
0
Businesses
84
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Listed by: Carmin Nedley • Superior Realty Group LLC
Mls Name: TBR
Mls Provider:
Mls ID: #378525
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.