520 Richard Jackson Blvd UNIT 2409Panama City BeachFL32407
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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
Investment property for sale in Panama City Beach at 520 Richard Jackson Blvd UNIT 2409, Panama City Beach, FL, 32407 uses $98,621 cash to close to unlock $10,354/yr annual cash flow and $863/mo monthly cash flow. Total monthly income runs $2,837/mo, and a $1,456/mo payment keeps the spread at $863/mo. Purchase price stands at $297,500, and rental yield measures 11.44% with $2,837/mo rent. Return on cash invested shows 30.41% in year one, and 5% annual appreciation builds toward $82,194 over five years. Five-year ROI reaches 159.72% and total cumulative return in cash records $157,519. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,837/mo property income covering a $1,456/mo payment rather than investor’s personal income.
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32407, Panama City Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,951 (100%) |
| Owner Occupied HU | 3,651 (26.2%) |
| Renter Occupied HU | 4,348 (31.2%) |
| Vacant Housing Units | 5,952 (42.7%) |
| Median Home Value | $449,782 |
| Average Home Value | $483,329 |
Housing Distribution
Address Breakdown
Residential
10,160
Single Family
6,283
Multi-Family
3,877
Businesses
760
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Listed by: Marc A Miller • REMAX By The Sea
Mls Name: CPAR
Mls ID: #779246