603 Evergreen St #BPanama City BeachFL32407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Beach at 603 Evergreen St #B, Panama City Beach, FL, 32407 priced at $799,900 converts $4,400/mo rent into after a $3,915/mo obligation. Total monthly income equals $4,400/mo. Return on cash invested prints 15.92% in year one, and rental yield reads 6.6% against a $799,900 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation compiles into $220,998 by year five. Five-year ROI reaches 82% and total cumulative return in cash sums $215,784. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,400/mo property income covering a $3,915/mo payment, not borrower’s personal income.
Multi Family
Built in 2023
3,180 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ramil Zartdinov • Local Insight Realty
Mls Name: CPAR
Mls Provider:
Mls ID: #779148
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.