2289 Surf Rd UNIT A7PanaceaFL32346
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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 A7, Panacea, FL, 32346 uses $122,324 cash to close to unlock $8,776/yr annual cash flow and $731/mo monthly cash flow. Total monthly income runs $3,180/mo, and a $1,806/mo payment keeps the spread at $731/mo. Purchase price stands at $369,000, and rental yield measures 10.34% with $3,180/mo rent. Return on cash invested shows 27.08% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 141.91% and total cumulative return in cash records $173,595. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,180/mo property income covering a $1,806/mo payment rather than investor’s personal income.
Condo
Built in 1992
4,356 sqft lot
$N/A/sqft
No 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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