6703 S Lagoon DrPanama 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
Investment property for sale in Panama City Beach at 6703 S Lagoon Dr, Panama City Beach, FL, 32408 offers a 8.86% rental yield on a $479,999 purchase with $3,542/mo rent. Total monthly income registers $3,542/mo, and a $2,349/mo payment leaves $357/mo available for distribution. Annual cash flow reaches $4,284/yr on $159,120 to close, and return on cash invested stands at 22.6% in year one. Equity gained on principal adds $3,097/yr while 5% annual appreciation supports $132,615 over five years. Portfolio math shows five-year ROI at 117.85% and total cumulative return in cash at $187,528. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,542/mo property income against a $2,349/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
6,969 sqft lot
$N/A/sqft
No 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: Chris C Allen • Real Broker LLC
Mls Name: CPAR
Mls ID: #782840