7046 Merlyn Dethlefsen RdPanama 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
Investment property for sale in Panama City at 7046 Merlyn Dethlefsen Rd, Panama City, FL, 32404 uses $97,759 cash to close to unlock $4,601/yr annual cash flow and $383/mo monthly cash flow. Total monthly income runs $2,340/mo, and a $1,443/mo payment keeps the spread at $383/mo. Purchase price stands at $294,900, and rental yield measures 9.52% with $2,340/mo rent. Return on cash invested shows 24.61% in year one, and 5% annual appreciation builds toward $81,475 over five years. Five-year ROI reaches 128.69% and total cumulative return in cash records $125,803. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,340/mo property income covering a $1,443/mo payment rather than investor’s personal income.
Single Family
Built in 2026
6,098 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: Mark A Miles • DR Horton Realty of Emerald Coast, LLC
Mls Name: CPAR
Mls ID: #783883