9060 S Thomas Dr #921Panama 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
Rental property for sale in Panama City at 9060 S Thomas Dr #921, Panama City, FL, 32408 generates $2,980/mo in rent, after a $2,633/mo payment. Total monthly income is $2,980/mo. Return on cash invested sits at 7.68% in year one, and rental yield is 6.65% on a $538,000 entry. Equity gained on principal adds $3,472/yr, while 5% annual appreciation builds toward $148,639 over five years. Five-year ROI reaches 40.89% and total cumulative return in cash sums $72,370. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,980/mo property income rather than buyer’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
$3,707 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: Tammy Ruehrwein • On The Coast Real Estate Group
Mls Name: ECAOR
Mls Provider:
Mls ID: #968404
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