6205 Thomas Dr #2FPanama City BeachFL32408
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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 6205 Thomas Dr #2F, Panama City Beach, FL, 32408 offers a 12.85% rental yield on a $269,500 purchase with $2,887/mo rent. Total monthly income registers $2,887/mo, and a $1,319/mo payment leaves $473/mo available for distribution. Annual cash flow reaches $5,677/yr on $89,339 to close, and return on cash invested stands at 26.26% in year one. Equity gained on principal adds $1,739/yr while 5% annual appreciation supports $74,458 over five years. Portfolio math shows five-year ROI at 140.61% and total cumulative return in cash at $125,616. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,887/mo property income against a $1,319/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A lot
$N/A/sqft
$1,830 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32408, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,067 (100%) |
| Owner Occupied HU | 5,754 (33.7%) |
| Renter Occupied HU | 2,749 (16.1%) |
| Vacant Housing Units | 8,564 (50.2%) |
| Median Home Value | $452,557 |
| Average Home Value | $531,414 |
Housing Distribution
Address Breakdown
Residential
12,556
Single Family
6,877
Multi-Family
5,679
Businesses
523
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Listed by: Laura Whitney • Realty One Group Emerald Coast
Mls Name: CPAR
Mls Provider:
Mls ID: #755530
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.