3202 E 2nd PlPanama 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 3202 E 2nd Pl, Panama City, FL, 32401 uses $59,339 cash to close to unlock $3,759/yr annual cash flow and $313/mo monthly cash flow. Total monthly income runs $1,501/mo, and a $876/mo payment keeps the spread at $313/mo. Purchase price stands at $179,000, and rental yield measures 10.06% with $1,501/mo rent. Return on cash invested shows 26.24% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 137.46% and total cumulative return in cash records $81,567. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,501/mo property income covering a $876/mo payment rather than investor’s personal income.
Manufactured
Built in 2018
0.32 Acres 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: Tom C Clymer • Gulf Life Real Estate Inc
Mls Name: CPAR
Mls ID: #783584