324 E Beach Dr APT 301Panama CityFL32401
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $1,411/mo, and a $1,415/mo payment. Purchase price stands at $289,000, and rental yield measures 5.86% with $1,411/mo rent. Return on cash invested shows 4.3% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 23.06% and total cumulative return in cash records $22,094. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,411/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$2,101 quarterly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandi Smith • Dalton Wade Inc
Mls Name: CPAR
Mls Provider:
Mls ID: #773827
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.