23223 Front Beach Rd #502Panama city beachFL32413
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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 Panama city beach at 23223 Front Beach Rd #502, Panama city beach, FL, 32413 offers a 6.8% rental yield on a $561,400 purchase with $3,182/mo rent. 54% in year one. Equity gained on principal adds $3,623/yr while 5% annual appreciation supports $155,104 over five years. Portfolio math shows five-year ROI at 80.31% and total cumulative return in cash at $148,333. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,182/mo property income against a $2,748/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
25 Acres lot
$N/A/sqft
Yes HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32413, Panama City Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,408 (100%) |
| Owner Occupied HU | 5,677 (32.6%) |
| Renter Occupied HU | 2,579 (14.8%) |
| Vacant Housing Units | 9,152 (52.6%) |
| Median Home Value | $430,573 |
| Average Home Value | $517,641 |
Housing Distribution
Address Breakdown
Residential
12,560
Single Family
10,041
Multi-Family
2,519
Businesses
718
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Listed by: N/A • N/A
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