8715 Surf Dr UNIT 1503Panama 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 8715 Surf Dr UNIT 1503, Panama City, FL, 32401 listed at $659,900 pairs $1,438/mo rent with a $3,230/mo payment. Total monthly income runs $1,438/mo. Return on cash invested measures -1.53% in year one, and rental yield registers 2.61% at a $659,900 basis. Equity gained on principal adds $4,258/yr, and annual property appreciation at 5% supports $182,318 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,438/mo property income relative to a $3,230/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: 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: At The Beach Team • Keller Williams Realty Destin
Mls Name: ECAOR
Mls Provider:
Mls ID: #963508
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Member number: 28189