3600 Thomas Dr APT C209Panama City BeachFL32408
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 Beach at 3600 Thomas Dr APT C209, Panama City Beach, FL, 32408 uses $82,842 cash to close to unlock $3,045/yr annual cash flow and $254/mo monthly cash flow. Total monthly income runs $1,912/mo, and a $1,223/mo payment keeps the spread at $254/mo. Purchase price stands at $249,900, and rental yield measures 9.18% with $1,912/mo rent. Return on cash invested shows 23.58% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 123.14% and total cumulative return in cash records $102,014. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,912/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32408, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,067 (100%) |
| Owner Occupied HU | 5,754 (33.7%) |
| Renter Occupied HU | 2,749 (16.1%) |
| Vacant Housing Units | 8,564 (50.2%) |
| Median Home Value | $452,557 |
| Average Home Value | $531,414 |
Housing Distribution
Address Breakdown
Residential
12,556
Single Family
6,877
Multi-Family
5,679
Businesses
523
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard Anderson • EXP Realty LLC
Mls Name: CPAR
Mls ID: #784055