602 Wood TrlPanama 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 602 Wood Trl, Panama City, FL, 32405 priced at $537,000 converts $3,225/mo rent into after a $2,628/mo obligation. Total monthly income equals $3,225/mo. Return on cash invested prints 17.76% in year one, and rental yield reads 7.21% against a $537,000 entry. Equity gained on principal adds $3,465/yr, while 5% annual appreciation compiles into $148,363 by year five. Five-year ROI reaches 91.9% and total cumulative return in cash sums $162,356. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,225/mo property income covering a $2,628/mo payment, not borrower’s personal income.
Single Family
Built in 1997
N/A 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: Shaunnah Whitely • Realty One Group Emerald Coast
Mls Name: CPAR
Mls ID: #782767