9902 S Thomas Dr UNIT 1828Panama 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 1828, Panama City Beach, FL, 32408 uses $96,102 cash to close to unlock $11,281/yr annual cash flow and $940/mo monthly cash flow. Total monthly income runs $2,864/mo, and a $1,419/mo payment keeps the spread at $940/mo. Purchase price stands at $289,900, and rental yield measures 11.86% with $2,864/mo rent. Return on cash invested shows 31.65% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 166.42% and total cumulative return in cash records $159,933. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,864/mo property income covering a $1,419/mo payment rather than investor’s personal income.
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: James D Payton • Coastal Living Realty & Associates
Mls Name: CPAR
Mls ID: #774552