7121 Melissa Elaine DrPanama City BeachFL32407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7121 Melissa Elaine Dr, Panama City Beach, FL, 32407 at $229,824 posts ROI 36.95% with $1,082/mo cash flow from $2,671/mo rent. Total monthly income equals $2,671/mo, and annual cash flow records $12,983/yr on $76,187 to close. Return on cash invested measures 36.95% and rental yield reads 13.95% at the current $229,824. Equity gained on principal adds $1,483/yr, and 5% annual appreciation supports $63,496 by year five. Five-year ROI prints 195.15% and total cumulative return in cash totals $148,679.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,671/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A 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: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A