The Callaway Plan, MorningsidePanama CityFL32404
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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
Rental property for sale in Panama City at The Callaway Plan, Morningside, Panama City, FL, 32404 priced at $247,900 pairs $2,290/mo rent with $645/mo cash flow after a $1,213/mo payment. Total monthly income equals $2,290/mo, and annual cash flow comes to $7,743/yr on $82,179 invested. Return on cash invested is 29.33% in year one, and rental yield stands at 11.09% on a $247,900 basis. Equity gained on principal adds $1,600/yr, and 5% annual appreciation accumulates to $68,490 by year five. Five-year ROI measures 153.99% and total cumulative return in cash reaches $126,551. For financing, Ziffy Mortgage’s DSCR program evaluates $2,290/mo property income against a $1,213/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32404, Panama City, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,682 (100%) |
| Owner Occupied HU | 12,006 (61.0%) |
| Renter Occupied HU | 4,464 (22.7%) |
| Vacant Housing Units | 3,212 (16.3%) |
| Median Home Value | $327,530 |
| Average Home Value | $375,161 |
Housing Distribution
Address Breakdown
Residential
19,181
Single Family
18,746
Multi-Family
435
Businesses
569
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Listed by: Morningside Sales Information • D.R. Horton - Panama City East
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A