9860 S Thomas Dr UNIT 204Panama City BeachFL32408
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 9860 S Thomas Dr UNIT 204, Panama City Beach, FL, 32408 earns $82/mo cash flow from $1,735/mo rent with a $1,219/mo payment. Total monthly income totals $1,735/mo, and annual cash flow totals $988/yr on $82,544 capital. ROI tracks 21.11% on current figures, and rental yield reads 8.36% at a $249,000 purchase. Equity gained on principal adds $1,607/yr, and 5% annual appreciation supports $68,794 over five years. Five-year ROI reaches 109.9% and total cumulative return in cash sums $90,716. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,735/mo property income instead of your personal income.
Condo
Built in 2008
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Phyllis Holloway • Coastal Living Realty & Associates
Mls Name: CPAR
Mls ID: #782011