8815 Thomas Dr UNIT 403Panama City BeachFL32408
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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 Beach at 8815 Thomas Dr UNIT 403, Panama City Beach, FL, 32408 listed at $444,900 pairs $6,295/mo rent with a $2,178/mo payment to leave $2,369/mo cash flow. Total monthly income runs $6,295/mo, and annual cash flow reaches $28,426/yr on $147,484 cash to close. Return on cash invested measures 39.18% in year one, and rental yield registers 16.98% at a $444,900 basis. Equity gained on principal adds $2,871/yr, and annual property appreciation at 5% supports $122,918 by year five. Five-year ROI tracks 209.64% and total cumulative return in cash totals $309,193. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,295/mo property income relative to a $2,178/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1982
N/A lot
$N/A/sqft
$970 monthly 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: Dale D Gumm • Anchor Realty Florida
Mls Name: CPAR
Mls Provider:
Mls ID: #756962
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.