2704 W 12th St #APanama 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 2704 W 12th St #A, Panama City, FL, 32401 priced at $310,000 converts $2,915/mo rent into $858/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,915/mo, and annual cash flow totals $10,297/yr on $102,765 invested. Return on cash invested prints 29.93% in year one, and rental yield reads 11.28% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 157.2% and total cumulative return in cash sums $161,551. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,915/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Townhouse
Built in 2004
2,178 sqft 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: Natalie A Ryan • CENTURY 21 Ryan Realty Inc
Mls Name: CPAR
Mls Provider:
Mls ID: #754775
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.