2015 E 7th Ct · Panama City, FL 32404

$265,000

4 bd · 2.0 ba · 1,137 sqft · Land · 31 Days on market

Built 2025 ↓ 4% since listing

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Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +7.5/15.0
• Cash flow +6.6/30.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• 1% rule +1.7/10.0
• DSCR +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for an amazing, affordable new build? Look no further! Presenting 2015 E 7th Ct, Panama City, FL, a stunning new home designed for modern living. Enjoy 9-foot ceilings that create an open feel, a spacious 7ft island with a breakfast bar, and light, warm elephant gray paint throughout. The large backyard offers endless possibilities, from gardening to adding a pool. A stained fence provides privacy and elegance. Conveniently located within close range of schools, shopping, and dining. Don't miss this opportunity—schedule your showing today!

Key facts

• 9 foot ceilings
• Huge backyard
• 7ft island

Tags

• NEW CONSTRUCTION HOME
• 9 FOOT CEILINGS
• 7FT ISLAND
• HUGE BACKYARD

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $265k.

Deal economics

• At list price, monthly cash flow is $-438 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $202k (23.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $176k (33.4% below list).
• Recommended offer: $176k (33.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#350 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Bay (suburban): math 51% / reading 51% proficiency, ranked #29 of 73 in FL (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.1%/yr); 969 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 2,473 units permitted in Bay County in 2024 (559 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Bay County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($257k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $176,391 (33.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 33% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.67% ✗
• Cap rate: 4.31%
• Cash-on-cash: -7.08%
• DSCR: 0.68
• GRM: 12.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.12% rent growth · sell at horizon

5-year hold

• IRR: -30.7%
• Equity multiple: 0.00×
• Total profit: $-74,078
• Equity at exit: $39,512

10-year hold

• IRR: -44.2%
• Equity multiple: -0.53×
• Total profit: $-113,250
• Equity at exit: $22,912

Cash invested: $74,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32404

• Home prices YoY: -16.1%
• Rents YoY: 1.1%
• Active inventory: 969
• Price-to-rent: 12.5×

Monthly cashflow live

• Estimated rent: $1,764 medium
• Mortgage (P&I): −$1,390
• Tax est. 1.5%: −$331 /mo · $3,975/yr
• Insurance: −$110
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $-438

Break-even live

Break-even rent $2,318

Max offer price $201,640

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
725 Sherman Ave Unit B Panama City, FL	3.0	1.0	878	$1,250	$1.42	21d	1	0.01mi
300 Mercedes Ave Unit 1523335P Panama City, FL	3.0	2.0	1194	$3,807	$3.19	21d	1	1.02mi
329 N Palo Alto Ave Panama City, FL	3.0	2.0	1300	$1,950	$1.50	13d	1	1.05mi
2623 E 16th St Unit A Panama City, FL	3.0	2.0	1250	$1,625	$1.30	21d	1	1.13mi
3719 E 8th Ct Panama City, FL	1.0–4.0	1.0–1.5	950	$1,500	$1.58	21d	1	1.39mi

Listing history 7 events

1. 2025-08-22
   soldstatus $255,000 Sold 559-char remark

   Show marketing remark (1233 chars)

   Looking for a jaw dropping affordable NEW BUILD!!! Well, look no more!!! Introducing 2015 E 7th Ct, Panama City, FL, a stunning new construction home is designed for modern living, offering a perfect blend of comfort, style, and functionality. Step inside and experience the extraordinary 9-foot ceilings that create an open and airy atmosphere, making the space feel even more expansive, a 7ft island that provides ample countertop space and even a nice breakfast bar area, the nice elephant gray color paint gives the space a light warm feel. One of the standout features of this home is the huge backyard, providing plenty of space for outdoor activities, gardening, or even adding a pool. Whether you love to entertain guests, have children or pets that need room to play, or simply want a private outdoor retreat, this backyard offers endless possibilities. The property is also enclosed by a stained fence, ensuring privacy and security while adding a touch of elegance to the exterior. Located in a convenient and desirable area of Panama City, this home is close to local amenities, schools, shopping, and dining. Don't miss your chance to own this beautifully crafted home with premium features. Schedule your showing today!

2. 2025-08-22
   soldstatus $255,000 Closed 1233-char remark

   Show marketing remark (1233 chars)

   Looking for a jaw dropping affordable NEW BUILD!!! Well, look no more!!! Introducing 2015 E 7th Ct, Panama City, FL, a stunning new construction home is designed for modern living, offering a perfect blend of comfort, style, and functionality. Step inside and experience the extraordinary 9-foot ceilings that create an open and airy atmosphere, making the space feel even more expansive, a 7ft island that provides ample countertop space and even a nice breakfast bar area, the nice elephant gray color paint gives the space a light warm feel. One of the standout features of this home is the huge backyard, providing plenty of space for outdoor activities, gardening, or even adding a pool. Whether you love to entertain guests, have children or pets that need room to play, or simply want a private outdoor retreat, this backyard offers endless possibilities. The property is also enclosed by a stained fence, ensuring privacy and security while adding a touch of elegance to the exterior. Located in a convenient and desirable area of Panama City, this home is close to local amenities, schools, shopping, and dining. Don't miss your chance to own this beautifully crafted home with premium features. Schedule your showing today!

3. 2025-04-10
   status Pending
4. 2025-03-13
   status Pending 1233-char remark

   Show marketing remark (1233 chars)

   Looking for a jaw dropping affordable NEW BUILD!!! Well, look no more!!! Introducing 2015 E 7th Ct, Panama City, FL, a stunning new construction home is designed for modern living, offering a perfect blend of comfort, style, and functionality. Step inside and experience the extraordinary 9-foot ceilings that create an open and airy atmosphere, making the space feel even more expansive, a 7ft island that provides ample countertop space and even a nice breakfast bar area, the nice elephant gray color paint gives the space a light warm feel. One of the standout features of this home is the huge backyard, providing plenty of space for outdoor activities, gardening, or even adding a pool. Whether you love to entertain guests, have children or pets that need room to play, or simply want a private outdoor retreat, this backyard offers endless possibilities. The property is also enclosed by a stained fence, ensuring privacy and security while adding a touch of elegance to the exterior. Located in a convenient and desirable area of Panama City, this home is close to local amenities, schools, shopping, and dining. Don't miss your chance to own this beautifully crafted home with premium features. Schedule your showing today!

5. 2025-03-07
   listed $265,000 Active 559-char remark

   Show marketing remark (559 chars)

   Looking for an amazing, affordable new build? Look no further! Presenting 2015 E 7th Ct, Panama City, FL, a stunning new home designed for modern living. Enjoy 9-foot ceilings that create an open feel, a spacious 7ft island with a breakfast bar, and light, warm elephant gray paint throughout. The large backyard offers endless possibilities, from gardening to adding a pool. A stained fence provides privacy and elegance. Conveniently located within close range of schools, shopping, and dining. Don't miss this opportunity—schedule your showing today!

6. 2025-03-07
   listed $265,000 Active

   Show marketing remark (559 chars)

   Looking for an amazing, affordable new build? Look no further! Presenting 2015 E 7th Ct, Panama City, FL, a stunning new home designed for modern living. Enjoy 9-foot ceilings that create an open feel, a spacious 7ft island with a breakfast bar, and light, warm elephant gray paint throughout. The large backyard offers endless possibilities, from gardening to adding a pool. A stained fence provides privacy and elegance. Conveniently located within close range of schools, shopping, and dining. Don't miss this opportunity—schedule your showing today!

7. 2025-03-03
   listed $265,000 Active 1233-char remark

   Show marketing remark (1233 chars)

   Looking for a jaw dropping affordable NEW BUILD!!! Well, look no more!!! Introducing 2015 E 7th Ct, Panama City, FL, a stunning new construction home is designed for modern living, offering a perfect blend of comfort, style, and functionality. Step inside and experience the extraordinary 9-foot ceilings that create an open and airy atmosphere, making the space feel even more expansive, a 7ft island that provides ample countertop space and even a nice breakfast bar area, the nice elephant gray color paint gives the space a light warm feel. One of the standout features of this home is the huge backyard, providing plenty of space for outdoor activities, gardening, or even adding a pool. Whether you love to entertain guests, have children or pets that need room to play, or simply want a private outdoor retreat, this backyard offers endless possibilities. The property is also enclosed by a stained fence, ensuring privacy and security while adding a touch of elegance to the exterior. Located in a convenient and desirable area of Panama City, this home is close to local amenities, schools, shopping, and dining. Don't miss your chance to own this beautifully crafted home with premium features. Schedule your showing today!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,167
• − Mortgage interest: −$14,844
• − Property taxes: −$3,975
• − Insurance: −$1,325
• − Repairs & maintenance: −$1,693
• − Management: −$1,693
• − Depreciation: −$7,709
• Taxable loss: −$10,073
• Est. tax savings @ 24.0%: +$2,418
• After-tax cash flow: $-2,837/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Bay
• NCES district ID: 1200090
• Math proficiency: 51% ▼ -8.00%
• Reading proficiency: 51% ▼ -7.00%
• Median HH income: $47,740
• Composite: 43.41/100
• National rank: #3014
• State rank: #29 of 73 in FL

Livability — Panama City

• Score: 72/100
• State rank: #350
• US rank: #5823

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment D- Housing A+ Health & safety A+ User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Panama City, FL
• County: Bay County · 163,593 people
• City population: 91,445
• Metro: Panama City, FL
• Population (ZIP): 42,514
• Household income: $74,708
• Rent vs Own: 30.8% rent · 69.2% own
• Severe rent burden: 1218.0

Population outlook (Bay County) Hauer SSP2

• Today (2025): 206,264 people
• By 2030: 217,740 · +5.6%
• By 2040: 238,738 · +15.7%
• By 2050: 255,545 · +23.9%
• By 2075: 288,295 · +39.8%
• By 2100: 288,638 · +39.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 12% Two or more races 10% Hispanic / Latino 9% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Lithuanian 3% Slovak 2% Italian 2%
• Foreign-born: 7% · Canada, Vietnam, Mexico
• Languages at home: 90% English-only · Spanish 6% Vietnamese 1% Other Asian/Pacific 1%

Political lean MEDSL · Bay

• 2024 margin: Solid R (+47.4) · D 25.8% · R 73.1% · Other 1.1%
• 2008→2024 swing: -6.6pp toward R · 2008: -40.7pp · 2024: -47.4pp
• All cycles: 2024: R+47.4 2020: R+43.5 2016: R+46.3 2012: R+43.6 2008: R+40.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -50.59%
• Current HPI: 263.7178
• Rent YoY: ▲ 1.12%
• Metro: Panama City, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-3.8% since first listed

7 events — show timeline

• 2025-08-22 Sold (MLS) $255,000 CPARMLS
• 2025-08-22 Sold (MLS) $255,000 ECAR
• 2025-04-10 Pending — PARMLS
• 2025-03-13 Pending — CPARMLS
• 2025-03-07 Listed $265,000 PARMLS
• 2025-03-07 Listed $265,000 ECAR
• 2025-03-03 Listed $265,000 CPARMLS

Property tax history

+29.8%/yr

Latest (2025): $200 · +29.8% YoY. Source: county tax records.