4121 Cobia StPanama 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
Rental property for sale in Panama City Beach at 4121 Cobia St, Panama City Beach, FL, 32408 offers $3,371/mo rent that, after a $2,427/mo payment, leaves $80/mo cash flow. Total monthly income is $3,371/mo, and annual cash flow is $964/yr on $164,391 cash. Return on cash invested measures 20.5% in year one, and rental yield stands at 8.16% at a $495,900 entry. Equity gained on principal adds $3,200/yr while 5% annual appreciation compounds into $137,008 by year five. Five-year ROI records 106.58% and total cumulative return in cash reaches $175,205. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,371/mo property income versus a $2,427/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1979
2,600 sqft 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: Angela Hale • ERA Neubauer Real Estate, Inc
Mls Name: CPAR
Mls Provider:
Mls ID: #770671
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.