428 Venetian WayPanama 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 428 Venetian Way, Panama City, FL, 32405 priced at $179,000 pairs $1,559/mo rent with $371/mo cash flow after a $876/mo payment. Total monthly income equals $1,559/mo, and annual cash flow comes to $4,455/yr on $59,339 invested. Return on cash invested is 27.42% in year one, and rental yield stands at 10.45% on a $179,000 basis. Equity gained on principal adds $1,155/yr, and 5% annual appreciation accumulates to $49,454 by year five. Five-year ROI measures 143.75% and total cumulative return in cash reaches $85,299. For financing, Ziffy Mortgage’s DSCR program evaluates $1,559/mo property income against a $876/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1984
N/A 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: Sarah K Steverson • CENTURY 21 Commander Realty
Mls Name: CPAR
Mls ID: #775977