6408 Lenawee StPanama CityFL32404
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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 at 6408 Lenawee St, Panama City, FL, 32404 generates $1,692/mo in rent and, after a $954/mo payment, leaves $398/mo in cash flow. Total monthly income is $1,692/mo, and annual cash flow is $4,780/yr on $64,643 invested. Return on cash invested sits at 27.3% in year one, and rental yield is 10.41% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 143.14% and total cumulative return in cash sums $92,530. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,692/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32404, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,682 (100%) |
| Owner Occupied HU | 12,006 (61.0%) |
| Renter Occupied HU | 4,464 (22.7%) |
| Vacant Housing Units | 3,212 (16.3%) |
| Median Home Value | $327,530 |
| Average Home Value | $375,161 |
Housing Distribution
Address Breakdown
Residential
19,181
Single Family
18,746
Multi-Family
435
Businesses
569
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Listed by: April L Gibson • Dalton Wade Inc
Mls Name: CPAR
Mls ID: #776099