8407-2 Thomas DrPanama 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
Investment property for sale in Panama City at 8407-2 Thomas Dr, Panama City, FL, 32408 listed at $464,900 pairs $2,400/mo rent with a $2,275/mo payment. Total monthly income runs $2,400/mo. Return on cash invested measures 14.58% in year one, and rental yield registers 6.19% at a $464,900 basis. Equity gained on principal adds $3,000/yr, and annual property appreciation at 5% supports $128,443 by year five. Five-year ROI tracks 74.85% and total cumulative return in cash totals $115,360. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $2,275/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1982
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: Melany Hathcock • Keller Williams Success Realty
Mls Name: Forgotten Coast Realtor Association
Mls ID: #325122