3111 E 2nd PlzPanama 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 3111 E 2nd Plz, Panama City, FL, 32401 generates $2,125/mo in rent and, after a $1,120/mo payment, leaves $606/mo in cash flow. Total monthly income is $2,125/mo, and annual cash flow is $7,276/yr on $75,880 invested. Return on cash invested sits at 29.5% in year one, and rental yield is 11.14% on a $228,900 entry. Equity gained on principal adds $1,477/yr, while 5% annual appreciation builds toward $63,241 over five years. Five-year ROI reaches 154.87% and total cumulative return in cash sums $117,513. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,125/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
7,405 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: Savannah J Shand • Empire Real Estate of Florida LLC
Mls Name: CPAR
Mls ID: #779603