Hendrix Plan, Riverbend RunSouthportFL32409
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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 Southport at Hendrix Plan, Riverbend Run, Southport, FL, 32409 offers a 11.8% rental yield on a $359,990 purchase with $3,540/mo rent. Total monthly income registers $3,540/mo, and a $1,762/mo payment leaves $1,151/mo available for distribution. Annual cash flow reaches $13,812/yr on $119,337 to close, and return on cash invested stands at 31.48% in year one. Equity gained on principal adds $2,323/yr while 5% annual appreciation supports $99,459 over five years. Portfolio math shows five-year ROI at 165.53% and total cumulative return in cash at $197,538. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,540/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32409, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,269 (100%) |
| Owner Occupied HU | 3,255 (76.2%) |
| Renter Occupied HU | 416 ( 9.7%) |
| Vacant Housing Units | 598 (14.0%) |
| Median Home Value | $295,508 |
| Average Home Value | $343,498 |
Housing Distribution
Address Breakdown
Residential
4,626
Single Family
4,563
Multi-Family
63
Businesses
136
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