2602 Glenview AvePanama CityFL32405
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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 2602 Glenview Ave, Panama City, FL, 32405 priced at $322,500 converts $2,578/mo rent into $438/mo cash flow after a $1,578/mo obligation. Total monthly income equals $2,578/mo, and annual cash flow totals $5,260/yr on $106,909 invested. Return on cash invested prints 24.83% in year one, and rental yield reads 9.59% against a $322,500 entry. Equity gained on principal adds $2,081/yr, while 5% annual appreciation compiles into $89,101 by year five. Five-year ROI reaches 129.83% and total cumulative return in cash sums $138,800. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,578/mo property income covering a $1,578/mo payment, not borrower’s personal income.
Single Family
Built in 2020
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32405, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,910 (100%) |
| Owner Occupied HU | 7,737 (51.9%) |
| Renter Occupied HU | 4,741 (31.8%) |
| Vacant Housing Units | 2,432 (16.3%) |
| Median Home Value | $336,326 |
| Average Home Value | $395,025 |
Housing Distribution
Address Breakdown
Residential
13,594
Single Family
12,208
Multi-Family
1,386
Businesses
1,407
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Listed by: Teresa A Dyer • Realty One of Northwest Florida LLC
Mls Name: CPAR
Mls ID: #783652