237 Sherman AvePanama CityFL32401
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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
Rental property for sale in Panama City at 237 Sherman Ave, Panama City, FL, 32401 priced at $399,000 converts $3,085/mo rent into $437/mo cash flow after a $1,953/mo obligation. Total monthly income equals $3,085/mo, and annual cash flow totals $5,245/yr on $132,269 invested. Return on cash invested prints 23.87% in year one, and rental yield reads 9.28% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 124.72% and total cumulative return in cash sums $164,966. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,085/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 2020
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32401, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,701 (100%) |
| Owner Occupied HU | 5,308 (49.6%) |
| Renter Occupied HU | 3,463 (32.4%) |
| Vacant Housing Units | 1,930 (18.0%) |
| Median Home Value | $223,044 |
| Average Home Value | $314,963 |
Housing Distribution
Address Breakdown
Residential
9,987
Single Family
9,043
Multi-Family
944
Businesses
1,148
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Listed by: Melana Weems • Realty Check Real Estate Services
Mls Name: CPAR
Mls ID: #773038