6205 Thomas Dr UNIT F2Panama CityFL32408
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 at 6205 Thomas Dr UNIT F2, Panama City, FL, 32408 priced at $268,900 converts $1,564/mo rent into after a $1,316/mo obligation. Total monthly income equals $1,564/mo. Return on cash invested prints 8.73% in year one, and rental yield reads 6.98% against a $268,900 entry. Equity gained on principal adds $1,735/yr, while 5% annual appreciation compiles into $74,292 by year five. Five-year ROI reaches 46.47% and total cumulative return in cash sums $41,428. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,564/mo property income covering a $1,316/mo payment, not borrower’s personal income.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Whitney • Coldwell Banker Realty
Mls Name: CPAR
Mls Provider:
Mls ID: #762982
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.