3942 W 21st PlPanama 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
Investment property for sale in Panama City at 3942 W 21st Pl, Panama City, FL, 32405 offers a 10.89% rental yield on a $241,500 purchase with $2,191/mo rent. Total monthly income registers $2,191/mo, and a $1,182/mo payment leaves $478/mo available for distribution. Annual cash flow reaches $5,740/yr on $80,057 to close, and return on cash invested stands at 27.08% in year one. Equity gained on principal adds $1,558/yr while 5% annual appreciation supports $66,722 over five years. Portfolio math shows five-year ROI at 142.51% and total cumulative return in cash at $114,089. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,191/mo property income against a $1,182/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
6,650 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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