503 Candlewick DrPanama 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 503 Candlewick Dr, Panama City, FL, 32405 priced at $514,900 pairs $2,785/mo rent with after a $2,520/mo payment. Total monthly income equals $2,785/mo. Return on cash invested is 15.58% in year one, and rental yield stands at 6.49% on a $514,900 basis. Equity gained on principal adds $3,323/yr, and 5% annual appreciation accumulates to $142,257 by year five. Five-year ROI measures 80.23% and total cumulative return in cash reaches $135,906. For financing, Ziffy Mortgage’s DSCR program evaluates $2,785/mo property income against a $2,520/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
0.29 Acres 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: Hannah Luge • Foundation Real Estate Agency LLC
Mls Name: CPAR
Mls Provider:
Mls ID: #766491
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.