903 Lighthouse RdPanama City BeachFL32407
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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 Beach at 903 Lighthouse Rd, Panama City Beach, FL, 32407 priced at $225,726 converts $2,674/mo rent into $958/mo cash flow after a $1,105/mo obligation. Total monthly income equals $2,674/mo, and annual cash flow totals $11,494/yr on $74,828 invested. Return on cash invested prints 35.27% in year one, and rental yield reads 14.22% against a $225,726 entry. Equity gained on principal adds $1,457/yr, while 5% annual appreciation compiles into $62,364 by year five. Five-year ROI reaches 187.06% and total cumulative return in cash sums $139,977. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,674/mo property income covering a $1,105/mo payment, not borrower’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$218 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32407, Panama City Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,951 (100%) |
| Owner Occupied HU | 3,651 (26.2%) |
| Renter Occupied HU | 4,348 (31.2%) |
| Vacant Housing Units | 5,952 (42.7%) |
| Median Home Value | $449,782 |
| Average Home Value | $483,329 |
Housing Distribution
Address Breakdown
Residential
10,160
Single Family
6,283
Multi-Family
3,877
Businesses
760
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