2704 Drummond 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
Investment property for sale in Panama City at 2704 Drummond Ave, Panama City, FL, 32405 listed at $354,500 pairs $2,630/mo rent with a $1,735/mo payment to leave $278/mo cash flow. Total monthly income runs $2,630/mo, and annual cash flow reaches $3,331/yr on $117,517 cash to close. Return on cash invested measures 22.74% in year one, and rental yield registers 8.9% at a $354,500 basis. Equity gained on principal adds $2,288/yr, and annual property appreciation at 5% supports $97,942 by year five. Five-year ROI tracks 118.63% and total cumulative return in cash totals $139,415. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,630/mo property income relative to a $1,735/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
0.30 Acres 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: Daryle Burkey • Coldwell Banker Realty
Mls Name: CPAR
Mls ID: #778257