401 Massalina DrPanama CityFL32401
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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 401 Massalina Dr, Panama City, FL, 32401 priced at $887,000 converts $1,970/mo rent into after a $4,341/mo obligation. Total monthly income equals $1,970/mo. Return on cash invested prints 3.96% in year one, and rental yield reads 2.67% against a $887,000 entry. Equity gained on principal adds $5,724/yr, while 5% annual appreciation compiles into $245,062 by year five. Five-year ROI reaches 17.87% and total cumulative return in cash sums $52,150. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,970/mo property income covering a $4,341/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A 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
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Listed by: N/A • Beach Properties of Florida
Mls Name: BHHS broker feed
Mls ID: #772828