613 Cape Cod DrPanama 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 613 Cape Cod Dr, Panama City Beach, FL, 32407 offers $2,446/mo rent that, after a $1,258/mo payment, leaves $740/mo cash flow. Total monthly income is $2,446/mo, and annual cash flow is $8,885/yr on $85,196 cash. Return on cash invested measures 30.34% in year one, and rental yield stands at 11.42% at a $257,000 entry. Equity gained on principal adds $1,658/yr while 5% annual appreciation compounds into $71,004 by year five. Five-year ROI records 159.39% and total cumulative return in cash reaches $135,792. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,446/mo property income versus a $1,258/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sam T Holden • Sunspot Realty
Mls Name: CPAR
Mls ID: #778836