8715 Surf Dr #1006BPanama 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
Rental property for sale in Panama City at 8715 Surf Dr #1006B, Panama City, FL, 32401 generates $1,438/mo in rent, after a $3,228/mo payment. Total monthly income is $1,438/mo. Return on cash invested sits at -1.53% in year one, and rental yield is 2.62% on a $659,500 entry. Equity gained on principal adds $4,256/yr, while 5% annual appreciation builds toward $182,208 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,438/mo property income rather than buyer’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$2,896 quarterly 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: Elwood J Junot • Lifes A Beach Real Estate, LLC
Mls Name: CPAR
Mls Provider:
Mls ID: #772138
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.