Springsteen Plan, Riverbend RunSouthportFL32409
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 Southport at Springsteen Plan, Riverbend Run, Southport, FL, 32409 uses $116,022 cash to close to unlock $341/yr annual cash flow and $28/mo monthly cash flow. Total monthly income runs $2,351/mo, and a $1,713/mo payment keeps the spread at $28/mo. Purchase price stands at $349,990, and rental yield measures 8.06% with $2,351/mo rent. Return on cash invested shows 20.2% in year one, and 5% annual appreciation builds toward $96,696 over five years. Five-year ROI reaches 105.02% and total cumulative return in cash records $121,847. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,351/mo property income covering a $1,713/mo payment rather than investor’s personal income.
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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