6205 Thomas Dr #8DPanama 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
Rental property for sale in Panama City Beach at 6205 Thomas Dr #8D, Panama City Beach, FL, 32408 priced at $269,000 converts $2,010/mo rent into after a $1,317/mo obligation. Total monthly income equals $2,010/mo. Return on cash invested prints 14.32% in year one, and rental yield reads 8.97% against a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation compiles into $74,320 by year five. Five-year ROI reaches 76.6% and total cumulative return in cash sums $68,303. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,010/mo property income covering a $1,317/mo payment, not borrower’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$1,919 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: Mike S Herring • Keller Williams Realty Emerald
Mls Name: CPAR
Mls Provider:
Mls ID: #777185
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.