2838 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 2838 Altha Ave, Panama City, FL, 32405 uses $64,576 cash to close to unlock $8,361/yr annual cash flow and $697/mo monthly cash flow. Total monthly income runs $1,989/mo, and a $953/mo payment keeps the spread at $697/mo. Purchase price stands at $194,800, and rental yield measures 12.25% with $1,989/mo rent. Return on cash invested shows 32.86% in year one, and 5% annual appreciation builds toward $53,820 over five years. Five-year ROI reaches 172.87% and total cumulative return in cash records $111,631. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,989/mo property income covering a $953/mo payment rather than investor’s personal income.
Manufactured
Built in 2002
0.31 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: Jonathan Minerick • HomeCoin.com
Mls Name: CPAR
Mls Provider:
Mls ID: #774079
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.