3108 W 20th CtPanama 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 3108 W 20th Ct, Panama City, FL, 32405 listed at $136,000 pairs $1,997/mo rent with a $666/mo payment to leave $1,094/mo cash flow. Total monthly income runs $1,997/mo, and annual cash flow reaches $13,130/yr on $45,084 cash to close. Return on cash invested measures 49.03% in year one, and rental yield registers 17.62% at a $136,000 basis. Equity gained on principal adds $878/yr, and annual property appreciation at 5% supports $37,574 by year five. Five-year ROI tracks 259.71% and total cumulative return in cash totals $117,086. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,997/mo property income relative to a $666/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
9,147 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: Carol E Erwin • Forgotten Coast Realty of NW Florida LLC
Mls Name: CPAR
Mls ID: #783306