5837 Bay PlPanama 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
Investment property for sale in Panama City at 5837 Bay Pl, Panama City, FL, 32404 earns $94/mo cash flow from $2,101/mo rent with a $1,184/mo payment. Total monthly income totals $2,101/mo, and annual cash flow totals $1,125/yr on $80,223 capital. ROI tracks 21.31% on current figures, and rental yield reads 10.42% at a $242,000 purchase. Equity gained on principal adds $1,562/yr, and 5% annual appreciation supports $66,860 over five years. Five-year ROI reaches 113.14% and total cumulative return in cash sums $90,762. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,101/mo property income instead of your personal income.
Townhouse
Built in 2020
2,256 sqft lot
$N/A/sqft
$1,094 quarterly 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: Susan Tucker • Hitchcock Real Estate LLC
Mls Name: CPAR
Mls Provider:
Mls ID: #762115
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.