9850 S Thomas Dr UNIT 1102Panama 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
Investment property for sale in Panama City at 9850 S Thomas Dr UNIT 1102, Panama City, FL, 32408 uses $120,997 cash to close to unlock $3,531/yr annual cash flow and $294/mo monthly cash flow. Total monthly income runs $2,716/mo, and a $1,786/mo payment keeps the spread at $294/mo. Purchase price stands at $364,999, and rental yield measures 8.93% with $2,716/mo rent. Return on cash invested shows 22.83% in year one, and 5% annual appreciation builds toward $100,842 over five years. Five-year ROI reaches 119.1% and total cumulative return in cash records $144,103. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,716/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Condo
Built in 1984
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: Elwood J Junot • Lifes a Beach Luxury Real Estate
Mls Name: ECAOR
Mls Provider:
Mls ID: #949599
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