709 Longpoint WayPanama 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 709 Longpoint Way, Panama City Beach, FL, 32407 priced at $499,000 pairs $3,774/mo rent with $463/mo cash flow after a $2,442/mo payment. Total monthly income equals $3,774/mo, and annual cash flow comes to $5,555/yr on $165,419 invested. Return on cash invested is 23.27% in year one, and rental yield stands at 9.08% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 121.43% and total cumulative return in cash reaches $200,862. For financing, Ziffy Mortgage’s DSCR program evaluates $3,774/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
4,791 sqft 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: Randa S Shafer • Watersound Real Estate
Mls Name: CPAR
Mls ID: #776681