9450 Thomas Dr UNIT 702BPanama 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 9450 Thomas Dr UNIT 702B, Panama City Beach, FL, 32408 earns from $2,232/mo rent with a $3,274/mo payment. Total monthly income totals $2,232/mo. ROI tracks 8.03% on current figures, and rental yield reads 4% at a $669,000 purchase. Equity gained on principal adds $4,317/yr, and 5% annual appreciation supports $184,832 over five years. Five-year ROI reaches 39.68% and total cumulative return in cash sums $87,327. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,232/mo property income instead of your personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No 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: Patty Rivera • Pineapple Properties
Mls Name: CPAR
Mls ID: #783506