3600 Thomas Dr APT D102Panama City BeachFL32408
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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 Beach at 3600 Thomas Dr APT D102, Panama City Beach, FL, 32408 uses $88,511 cash to close to unlock $4,164/yr annual cash flow and $347/mo monthly cash flow. Total monthly income runs $2,119/mo, and a $1,307/mo payment keeps the spread at $347/mo. Purchase price stands at $267,000, and rental yield measures 9.52% with $2,119/mo rent. Return on cash invested shows 24.61% in year one, and 5% annual appreciation builds toward $73,767 over five years. Five-year ROI reaches 128.64% and total cumulative return in cash records $113,863. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,119/mo property income covering a $1,307/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
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Listed by: Cliff Glansen • FLATFEE.COM
Mls Name: CPAR
Mls ID: #779871