229 Lake Merial BlvdPanama CityFL32409
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 229 Lake Merial Blvd, Panama City, FL, 32409 at $498,990 posts ROI 21.57% with $229/mo cash flow from $3,540/mo rent. Total monthly income equals $3,540/mo, and annual cash flow records $2,747/yr on $165,415 to close. Return on cash invested measures 21.57% and rental yield reads 8.51% at the current $498,990. Equity gained on principal adds $3,220/yr, and 5% annual appreciation supports $137,862 by year five. Five-year ROI prints 112.32% and total cumulative return in cash totals $185,799.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,540/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32409, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,269 (100%) |
| Owner Occupied HU | 3,255 (76.2%) |
| Renter Occupied HU | 416 ( 9.7%) |
| Vacant Housing Units | 598 (14.0%) |
| Median Home Value | $295,508 |
| Average Home Value | $343,498 |
Housing Distribution
Address Breakdown
Residential
4,626
Single Family
4,563
Multi-Family
63
Businesses
136
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Nearby investment properties with comparable prices
Listed by: N/A • Holiday Builders
Mls Name: Holiday Builders
Mls ID: #N/A