6609 Thomas Dr UNIT 602Panama 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
Total monthly income runs $3,534/mo, and a $3,304/mo payment. Purchase price stands at $675,000, and rental yield measures 6.28% with $3,534/mo rent. Return on cash invested shows 7.12% in year one, and 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 37.64% and total cumulative return in cash records $83,595. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,534/mo property income covering a $3,304/mo payment rather than investor’s personal income.
Condo
Built in 1999
1 Acres lot
$N/A/sqft
$1,450 monthly 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: Charles W King • Emerald Sands Real Estate
Mls Name: CPAR
Mls Provider:
Mls ID: #754116
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.