316 Cherry St APT 22Panama 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
Investment property for sale in Panama City at 316 Cherry St APT 22, Panama City, FL, 32401 earns $97/mo cash flow from $2,352/mo rent with a $1,273/mo payment. Total monthly income totals $2,352/mo, and annual cash flow totals $1,166/yr on $86,190 capital. ROI tracks 21.26% on current figures, and rental yield reads 10.86% at a $260,000 purchase. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 over five years. Five-year ROI reaches 113.41% and total cumulative return in cash sums $97,745. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,352/mo property income instead of your personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
$529 monthly 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: Shannon R Cole • QUORA REALTY
Mls Name: CPAR
Mls Provider:
Mls ID: #777227
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.