6422 Highway 98 UNIT 503Panama City BeachFL32407
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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 6422 Highway 98 UNIT 503, Panama City Beach, FL, 32407 generates $2,908/mo in rent and, after a $1,786/mo payment, leaves $486/mo in cash flow. Total monthly income is $2,908/mo, and annual cash flow is $5,835/yr on $120,997 invested. Return on cash invested sits at 24.73% in year one, and rental yield is 9.56% on a $364,999 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,842 over five years. Five-year ROI reaches 129.31% and total cumulative return in cash sums $156,463. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,908/mo property income rather than buyer’s personal income.
Condo
Built in 2007
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
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Listed by: Scott Seidler • Keller Williams Success Realty
Mls Name: CPAR
Mls ID: #779711