7205 Thomas Dr UNIT E2003Panama City BeachFL32408
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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 7205 Thomas Dr UNIT E2003, Panama City Beach, FL, 32408 generates $2,946/mo in rent, after a $2,442/mo payment. Total monthly income is $2,946/mo. Return on cash invested sits at 11.67% in year one, and rental yield is 7.09% on a $498,900 entry. Equity gained on principal adds $3,219/yr, while 5% annual appreciation builds toward $137,837 over five years. Five-year ROI reaches 61.32% and total cumulative return in cash sums $101,410. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,946/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$770 monthly 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: Cindy Armstrong Karr • Keller Williams Success Realty
Mls Name: CPAR
Mls Provider:
Mls ID: #753365
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.