6829 Thomas Dr UNIT 306Panama CityFL32408
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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 at 6829 Thomas Dr UNIT 306, Panama City, FL, 32408 earns $226/mo cash flow from $2,078/mo rent with a $1,366/mo payment. Total monthly income totals $2,078/mo, and annual cash flow totals $2,713/yr on $92,489 capital. ROI tracks 22.84% on current figures, and rental yield reads 8.94% at a $279,000 purchase. Equity gained on principal adds $1,800/yr, and 5% annual appreciation supports $77,083 over five years. Five-year ROI reaches 119.22% and total cumulative return in cash sums $110,263. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,078/mo property income instead of your personal income.
Condo
Built in 1983
N/A 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: Christopher F Elgee • Sunbelt Realty, Inc
Mls Name: CPAR
Mls ID: #775981