7125 N Lagoon Dr N #OPanama 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
Rental property for sale in Panama City at 7125 N Lagoon Dr N #O, Panama City, FL, 32408 priced at $249,900 pairs $2,441/mo rent with $783/mo cash flow after a $1,223/mo payment. Total monthly income equals $2,441/mo, and annual cash flow comes to $9,393/yr on $82,842 invested. Return on cash invested is 31.25% in year one, and rental yield stands at 11.72% on a $249,900 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,043 by year five. Five-year ROI measures 164.22% and total cumulative return in cash reaches $136,046. For financing, Ziffy Mortgage’s DSCR program evaluates $2,441/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1986
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: Jennifer A LaChance • SimpliHOM
Mls Name: CPAR
Mls ID: #773609