9902 S Thomas Dr UNIT 1538Panama 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 9902 S Thomas Dr UNIT 1538, Panama City Beach, FL, 32408 listed at $398,000 pairs $2,860/mo rent with a $1,948/mo payment to leave $219/mo cash flow. Total monthly income runs $2,860/mo, and annual cash flow reaches $2,626/yr on $131,937 cash to close. Return on cash invested measures 21.9% in year one, and rental yield registers 8.62% at a $398,000 basis. Equity gained on principal adds $2,568/yr, and annual property appreciation at 5% supports $109,960 by year five. Five-year ROI tracks 114.1% and total cumulative return in cash totals $150,540. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,860/mo property income relative to a $1,948/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
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: Gregory B Ward • Keller Williams Success Realty
Mls Name: CPAR
Mls ID: #780164