245 Barracuda DrPanama City BeachFL32408
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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 $1,721/mo, and a $1,415/mo payment. Purchase price stands at $289,000, and rental yield measures 7.15% with $1,721/mo rent. Return on cash invested shows 17.44% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 90.19% and total cumulative return in cash records $86,402. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,721/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Manufactured
Built in 1972
1,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32408, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,067 (100%) |
| Owner Occupied HU | 5,754 (33.7%) |
| Renter Occupied HU | 2,749 (16.1%) |
| Vacant Housing Units | 8,564 (50.2%) |
| Median Home Value | $452,557 |
| Average Home Value | $531,414 |
Housing Distribution
Address Breakdown
Residential
12,556
Single Family
6,877
Multi-Family
5,679
Businesses
523
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Listed by: Kelli Sims • Sims Resort Realty, Inc
Mls Name: CPAR
Mls ID: #777222