601 Cape Cod DrPanama 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 601 Cape Cod Dr, Panama City Beach, FL, 32407 with 5% annual appreciation on a $250,000 basis while $2,392/mo rent supports operations. Total monthly income totals $2,392/mo and a $1,224/mo payment preserves $733/mo for cash returns. Annual cash flow comes to $8,791/yr on $82,875 deployed, and return on cash invested reaches 30.52% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,070 alongside rental yield of 11.48%. Five-year ROI measures 160.33% and total cumulative return in cash totals $132,874.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,392/mo property income versus a $1,224/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2006
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: Melissa A Haworth • EXP Realty LLC
Mls Name: CPAR
Mls ID: #784103