4800 E Bay DrPanama CityFL32404
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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 4800 E Bay Dr, Panama City, FL, 32404 priced at $889,000 converts $3,060/mo rent into after a $4,351/mo obligation. Total monthly income equals $3,060/mo. Return on cash invested prints 8.41% in year one, and rental yield reads 4.13% against a $889,000 entry. Equity gained on principal adds $5,737/yr, while 5% annual appreciation compiles into $245,614 by year five. Five-year ROI reaches 41.74% and total cumulative return in cash sums $122,078. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,060/mo property income covering a $4,351/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32404, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,682 (100%) |
| Owner Occupied HU | 12,006 (61.0%) |
| Renter Occupied HU | 4,464 (22.7%) |
| Vacant Housing Units | 3,212 (16.3%) |
| Median Home Value | $327,530 |
| Average Home Value | $375,161 |
Housing Distribution
Address Breakdown
Residential
19,181
Single Family
18,746
Multi-Family
435
Businesses
569
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Listed by: Vianah Seamon • Coldwell Banker Carroll Realty
Mls Name: CPAR
Mls Provider:
Mls ID: #763928
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.