816 Detroit Ave #816Panama CityFL32401
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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 816 Detroit Ave #816, Panama City, FL, 32401 uses $57,979 cash to close to unlock $2,177/yr annual cash flow and $181/mo monthly cash flow. Total monthly income runs $1,342/mo, and a $856/mo payment keeps the spread at $181/mo. Purchase price stands at $174,900, and rental yield measures 9.21% with $1,342/mo rent. Return on cash invested shows 23.66% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 123.62% and total cumulative return in cash records $71,676. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,342/mo property income covering a $856/mo payment rather than investor’s personal income.
Single Family
Built in 1983
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32401, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,701 (100%) |
| Owner Occupied HU | 5,308 (49.6%) |
| Renter Occupied HU | 3,463 (32.4%) |
| Vacant Housing Units | 1,930 (18.0%) |
| Median Home Value | $223,044 |
| Average Home Value | $314,963 |
Housing Distribution
Address Breakdown
Residential
9,987
Single Family
9,043
Multi-Family
944
Businesses
1,148
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Listed by: Michael C McKinney • Counts Real Estate Group Inc
Mls Name: CPAR
Mls ID: #775926