23223 Front Beach Rd #A1-725Panama 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 #A1-725, Panama City Beach, FL, 32413 uses $111,053 cash to close to unlock $6,846/yr annual cash flow and $571/mo monthly cash flow. Total monthly income runs $2,794/mo, and a $1,640/mo payment keeps the spread at $571/mo. Purchase price stands at $335,000, and rental yield measures 10.01% with $2,794/mo rent. Return on cash invested shows 26.07% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 136.51% and total cumulative return in cash records $151,592. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,794/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No 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: Ricardo E Hidalgo • Coldwell Banker Realty
Mls Name: CPAR
Mls ID: #781860