7205 Thomas Dr UNIT E704Panama 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 E704, Panama City Beach, FL, 32408 generates $3,347/mo in rent and, after a $2,447/mo payment, leaves $29/mo in cash flow. Total monthly income is $3,347/mo, and annual cash flow is $350/yr on $165,750 invested. Return on cash invested sits at 20.12% in year one, and rental yield is 8.03% on a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 104.58% and total cumulative return in cash sums $173,336. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,347/mo property income rather than buyer’s personal income.
Condo
Built in 1985
4 Acres 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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