2720 Altha 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 2720 Altha Ave, Panama City, FL, 32405 uses $39,747 cash to close to unlock $1,694/yr annual cash flow and $141/mo monthly cash flow. Total monthly income runs $937/mo, and a $587/mo payment keeps the spread at $141/mo. Purchase price stands at $119,900, and rental yield measures 9.38% with $937/mo rent. Return on cash invested shows 24.17% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 126.41% and total cumulative return in cash records $50,244. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $937/mo property income covering a $587/mo payment rather than investor’s personal income.
Manufactured
Built in 2002
10,454 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: DJ T Janovyak • Emerald Coast Realty Group
Mls Name: CPAR
Mls Provider:
Mls ID: #772170
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.