3702 W 22nd PlzPanama CityFL32405
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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
Rental property for sale in Panama City at 3702 W 22nd Plz, Panama City, FL, 32405 generates $1,659/mo in rent and, after a $808/mo payment, leaves $564/mo in cash flow. Total monthly income is $1,659/mo, and annual cash flow is $6,763/yr on $54,698 invested. Return on cash invested sits at 32.27% in year one, and rental yield is 12.07% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 169.76% and total cumulative return in cash sums $92,855. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,659/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32405, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,910 (100%) |
| Owner Occupied HU | 7,737 (51.9%) |
| Renter Occupied HU | 4,741 (31.8%) |
| Vacant Housing Units | 2,432 (16.3%) |
| Median Home Value | $336,326 |
| Average Home Value | $395,025 |
Housing Distribution
Address Breakdown
Residential
13,594
Single Family
12,208
Multi-Family
1,386
Businesses
1,407
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Listed by: Patrick T Casey • Full Sail Realty of NWFL
Mls Name: CPAR
Mls ID: #782806