7407 Morningside DrPanama 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 7407 Morningside Dr, Panama City, FL, 32404 uses $104,389 cash to close to unlock $11,647/yr annual cash flow and $971/mo monthly cash flow. Total monthly income runs $3,060/mo, and a $1,541/mo payment keeps the spread at $971/mo. Purchase price stands at $314,900, and rental yield measures 11.66% with $3,060/mo rent. Return on cash invested shows 31.07% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 163.27% and total cumulative return in cash records $170,434. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,060/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Single Family
Built in 2025
7,405 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: Mark A Miles • DR Horton Realty of Emerald Coast, LLC
Mls Name: CPAR
Mls ID: #776504