7106 Penn WayPanama 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 7106 Penn Way, Panama City, FL, 32404 listed at $290,000 pairs $2,825/mo rent with a $1,419/mo payment to leave $901/mo cash flow. Total monthly income runs $2,825/mo, and annual cash flow reaches $10,811/yr on $96,135 cash to close. Return on cash invested measures 31.15% in year one, and rental yield registers 11.69% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 163.72% and total cumulative return in cash totals $157,396. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,825/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2020
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: Joshua Hoey • Think Real Estate
Mls Name: CPAR
Mls ID: #780342