8715 Surf Dr UNIT 1006Panama 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 8715 Surf Dr UNIT 1006, Panama City, FL, 32408 listed at $659,500 pairs $3,526/mo rent with a $3,228/mo payment. Total monthly income runs $3,526/mo. Return on cash invested measures 10.02% in year one, and rental yield registers 6.42% at a $659,500 basis. Equity gained on principal adds $4,256/yr, and annual property appreciation at 5% supports $182,208 by year five. Five-year ROI tracks 52.3% and total cumulative return in cash totals $113,480. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,526/mo property income relative to a $3,228/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A lot
$N/A/sqft
$2,896 quarterly 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: Courtney V Harris • CENTURY 21 AllPoints Realty
Mls Name: CPAR
Mls Provider:
Mls ID: #747313
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.