Bay County, Panama City, FL 32408
4 bd2 ba1,544 sfBuilt 1999
Gross spread$10,000
Description
$590,000 DSCR LOAN ACCEPTED TURNKEY PANAMA CITY BEACH, FL DUPLEX WITH INCOME IN PLACE + STR UPSIDE Steps to the sand | Fully furnished | INCOME IN PLACE NO HOA • NO FLOOD INSURANCE NEEDED Duplex 4/2 2 Bed / 1 Bath per unit 2024 Performance (Actual): Gross Revenue: $97,000 Unit 1: $49,000 Unit 2: $48,000 2024 Cap Rate: ~10.4% – 10.8% PROJECTED STR REVENUE (IF BOTH UNITS OPERATED FULL-TIME AS STRs):~$110,000 PROJECTED CAP RATE: ~12.2% – 12.7% Why pay a mortgage when your tenants can help pay it for you? $2,600/mo income currently in place Both units fully furnished & turnkey One unit ready to capture prime STR season immediately Strong rental history + high STR upside Perfect for investors, house hackers, or anyone wanting a beach property that helps pay for itself PRIME RENTAL SEASON IS HERE — NEXT OWNER CAN STEP IN
$/sqft vs market
Median of 29 comparable listings matched on city + property type. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Seller
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