23223 Front Beach Rd #B3-407Panama 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
Total monthly income runs $1,807/mo, and a $1,855/mo payment. Purchase price stands at $379,000, and rental yield measures 5.72% with $1,807/mo rent. Return on cash invested shows 13.15% in year one, and 5% annual appreciation builds toward $104,711 over five years. Five-year ROI reaches 67.15% and total cumulative return in cash records $84,371. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,807/mo property income covering a $1,855/mo payment rather than investor’s personal income.
Condo
Built in 1977
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: Janet R Jones • JONES REAL ESTATE AND RENTALS LLC
Mls Name: CPAR
Mls ID: #777471