338 N Bonita AvePanama 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
Investment property for sale in Panama City at 338 N Bonita Ave, Panama City, FL, 32401 with 5% annual appreciation on a $155,000 basis while $2,985/mo rent supports operations. Total monthly income totals $2,985/mo and a $759/mo payment preserves $1,956/mo for cash returns. Annual cash flow comes to $23,472/yr on $51,383 deployed, and return on cash invested reaches 65.59% in year one. Equity gained on principal adds $1,000/yr, and five-year appreciation sums $42,824 alongside rental yield of 23.11%. Five-year ROI measures 348.5% and total cumulative return in cash totals $179,068.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,985/mo property income versus a $759/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1942
8,712 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle D Stewart • RE/MAX SELECT Partners
Mls Name: CPAR
Mls Provider:
Mls ID: #782546