The Sutton Plan · Panama City, FL 32404

$249,900

4 bd · 2.0 ba · 1,439 sqft · SingleFamily · 242 Days on market

Good condition ↓ 3% since listing

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Why this score? — see what drove the D 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).

• Cash flow +12.2/30.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Schools +3.8/10.0
• DSCR +3.6/10.0
• Livability +3.6/5.0
• 1% rule +3.5/10.0
• Rent growth +2.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to the Sutton Plan, one of our new plans at Liberty in Panama City, Florida. The Sutton is a spacious single-story home with 1,439 square feet of comfortable living. This beautiful home offers 4 bedrooms with 2 bathrooms, and a 1-car garage. As you enter the home, the foyer welcomes you with beautiful EVP flooring which spans throughout the home in the main areas and bathrooms. Right by the front door are the 3 guest bedrooms, a full bathroom, and down the hallway is the laundry room and storage area leading into the kitchen and living room. Each bedroom boasts plenty of space and sizeable closets for organization with soft carpet flooring. The kitchen is equipped with beautiful granite countertops, stainless steel appliances, and beautiful white cabinetry. The pantry is located next to the laundry room across from the linen and coat closets. Natural light illuminates this main area for your family and friends to enjoy. The back yard features a back patio located by the primary bedroom and the dining area. The spacious primary bedroom features its own bathroom complete with granite countertops, a large walk-in closet, and a relaxing shower. Both bathrooms feature beautiful granite countertops and white cabinetry. In addition to all the features and amenities our Sutton plan offers, each is built with our Smart Home technology package, designed to bring the ease and convenience of life right to your fingertips.

Key facts

• Walk-in closet
• Evp flooring
• Granite countertops

Tags

• EVP FLOORING
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• WHITE CABINETRY
• BACK PATIO
• WALK-IN CLOSET

🏗️ New construction. The $249,900 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $286,572.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $250k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-59 ($-711/yr) — negative.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $243k (2.7% below list).
• Recommended offer: $220k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.0% vs local median 4.3% in Panama City — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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.
• Zoned schools: Tommy Smith Elementary School (math 46% / reading 51%, grade D, #1,152 of 2,144 statewide, top 55%, 639 students, 53% FRL); Merritt Brown Middle School (math 38% / reading 38%, grade F, #388 of 571 statewide, top 69%, 701 students, 55% FRL); Rutherford High School (math 24% / reading 29%, grade F, #489 of 667 statewide, top 74%, 1,337 students, 63% FRL).
• Zoned-school proficiency averages 38% at this address vs 51% district-wide (-13 pts) — the specific schools serving this property underperform the Bay average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.1%/yr); 1200 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2,473 units permitted in Bay County in 2024 (559 in 5+ unit buildings).
• This rent runs 39% of the median local income ($75k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 242 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $219,912 (12.0% 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 242 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.85% ✗
• Cap rate: 6.04%
• Cash-on-cash: -0.89%
• DSCR: 0.96
• GRM: 9.8

CMA / ARV

• ARV (median comp): $286,572
• List price: $249,900
• Delta: -12.80%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6380 Bellavia Ln	0.16mi	4/2.0	1,500 (+4%)	3mo	$270,000	$180	83
6468 Slabinski Ln	0.34mi	4/2.0	1,500 (+4%)	7mo	$254,000	$169	71
7098 George Day Ln	0.24mi	3/2.0 (-1)	1,580 (+10%)	10mo	$263,400	$167	60
7050 George Day Ln	0.31mi	3/2.0 (-1)	1,580 (+10%)	10mo	$264,900	$168	56
5114 Debi Rd	0.65mi	3/2.0 (-1)	1,424 (-1%)	9mo	$280,000	$197	56
6939 William Pitsenbarger Rd	0.33mi	3/2.0 (-1)	1,580 (+10%)	9mo	$261,900	$166	56
6558 Canley Ct	0.69mi	3/2.0 (-1)	1,383 (-4%)	3mo	$267,500	$193	54
6628 Slabinski Ln	0.69mi	4/2.0	1,500 (+4%)	8mo	$289,000	$193	54
6629 Slabinski Ln	0.69mi	4/2.0	1,500 (+4%)	9mo	$260,000	$173	53
6889 William Pitsenbarger Rd	0.48mi	3/2.0 (-1)	1,580 (+10%)	8mo	$279,900	$177	49
6901 William Pitsenbarger Rd	0.50mi	3/2.0 (-1)	1,580 (+10%)	10mo	$263,400	$167	47
7086 George Day Ln	0.51mi	3/2.0 (-1)	1,580 (+10%)	10mo	$267,051	$169	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -19.9%
• Equity multiple: 0.32×
• Total profit: $-54,688
• Equity at exit: $42,729

10-year hold

• IRR: -17.4%
• Equity multiple: 0.13×
• Total profit: $-70,172
• Equity at exit: $24,778

Cash invested: $80,240 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 37 active · 22 under contract
• Months of supply: 5.4 mo (18%/mo absorbed)
• Median asking: $284,900 ($200/sqft)
• Median days on market: 116 d
• This list price: 5% of active listings are priced below it
• ARV vs active asking: -0.2% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 32404

• Home prices YoY: -16.1%
• Rents YoY: 1.1%
• Active inventory: 1200
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,432 medium
• Mortgage (P&I): −$1,503
• Tax est. 1.5%: −$358 /mo · $4,299/yr
• Insurance: −$119
• HOA: −$0
• Vacancy / Maint / Mgmt: −$511
• Net cashflow: $-59

Break-even live

Break-even rent $2,507

Max offer price $278,003

Occupancy floor 97%

Sensitivity live

Price	-10% $139	-5% $40	+0% $-59	+5% $-158	+10% $-257
Rent	-10% $-251	-5% $-155	+0% $-59	+5% $37	+10% $133
Rate	-1.0pp $85	-0.5pp $14	base $-59	+0.5pp $-133	+1.0pp $-209

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: $71,643
• Closing costs: $8,597
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6416 Bellavia Ln Panama City, FL	4.0	2.0	1812	$2,100	$1.16	62d	1	0.24mi
5284 Emma Grace Dr Panama City, FL	3.0–5.0	2.0–3.0	2069	$2,393	$1.16	62d	1	1.22mi

Listing history 50 events

1. 2026-08-08
   days on market $249,900 Active 242 DOM
2. 2026-08-07
   days on market $249,900 Active 241 DOM
3. 2026-08-06
   days on market $249,900 Active 240 DOM
4. 2026-08-05
   days on market $249,900 Active 239 DOM
5. 2026-08-04
   days on market $249,900 Active 238 DOM
6. 2026-08-03
   days on market $249,900 Active 237 DOM
7. 2026-07-31
   days on market $249,900 Active 234 DOM
8. 2026-07-30
   days on market $249,900 Active 233 DOM
9. 2026-07-29
   days on market $249,900 Active 232 DOM
10. 2026-07-27
    days on market $249,900 Active 230 DOM
11. 2026-07-25
    days on market $249,900 Active 228 DOM
12. 2026-07-23
    days on market $249,900 Active 226 DOM
13. 2026-07-22
    days on market $249,900 Active 225 DOM
14. 2026-07-21
    days on market $249,900 Active 224 DOM
15. 2026-07-18
    days on market $249,900 Active 221 DOM
16. 2026-07-16
    days on market $249,900 Active 219 DOM
17. 2026-07-16
    days on market $249,900 Active 218 DOM
18. 2026-07-14
    days on market $249,900 Active 217 DOM
19. 2026-07-13
    days on market $249,900 Active 216 DOM
20. 2026-07-12
    days on market $249,900 Active 215 DOM
21. 2026-07-11
    days on market $249,900 Active 214 DOM
22. 2026-07-10
    days on market $249,900 Active 213 DOM
23. 2026-07-09
    days on market $249,900 Active 212 DOM
24. 2026-07-08
    days on market $249,900 Active 211 DOM
25. 2026-07-07
    days on market $249,900 Active 210 DOM
26. 2026-07-06
    days on market $249,900 Active 209 DOM
27. 2026-07-05
    days on market $249,900 Active 208 DOM
28. 2026-07-04
    days on market $249,900 Active 207 DOM
29. 2026-07-03
    days on market $249,900 Active 206 DOM
30. 2026-07-02
    days on market $249,900 Active 205 DOM
31. 2026-07-01
    days on market $249,900 Active 204 DOM
32. 2026-06-30
    days on market $249,900 Active 203 DOM
33. 2026-06-29
    days on market $249,900 Active 202 DOM
34. 2026-06-28
    days on market $249,900 Active 201 DOM
35. 2026-06-28
    days on market $249,900 Active 200 DOM
36. 2026-06-27
    days on market $249,900 Active 199 DOM
37. 2026-06-25
    days on market $249,900 Active 197 DOM
38. 2026-06-23
    days on market $249,900 Active 195 DOM
39. 2026-06-21
    days on market $249,900 Active 194 DOM
40. 2026-06-19
    days on market $249,900 Active 192 DOM
41. 2026-06-18
    days on market $249,900 Active 191 DOM
42. 2026-06-17
    days on market $249,900 Active 190 DOM
43. 2026-06-16
    days on market $249,900 Active 189 DOM
44. 2026-06-15
    days on market $249,900 Active 188 DOM
45. 2026-06-14
    days on market $249,900 Active 186 DOM
46. 2026-06-13
    days on market $249,900 Active 185 DOM
47. 2026-06-10
    days on market $249,900 Active 183 DOM
48. 2026-06-09
    days on market $249,900 Active 182 DOM
49. 2026-06-08
    days on market $249,900 Active 181 DOM
50. 2026-06-07
    days on market $249,900 Active 180 DOM

ⓘ 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 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥104°F today · 21 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: $29,183
• − Mortgage interest: −$16,053
• − Property taxes: −$4,299
• − Insurance: −$1,433
• − Repairs & maintenance: −$2,335
• − Management: −$2,335
• − Depreciation: −$8,337
• Taxable loss: −$5,607
• Est. tax savings @ 24.0%: +$1,346
• After-tax cash flow: $635/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.

Condition & rehab AI · 1 photo

Good 80/100 None rehab

The Sutton Plan is a well-maintained single-story home with no visible repairs needed. It offers a good condition score and is ready for minor updates to enhance its resale and rental value.

Value-add opportunities

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in high-traffic areas — Improves comfort and appearance ↑

F Composite school gradezoned avg 38/100

Zoned Schools

Elementary Tommy Smith Elementary School D FL #1,152/2,144 Nat'l #14,081/41,679 Middle Merritt Brown Middle School F FL #388/571 Nat'l #6,571/14,009 High Rutherford High School F FL #489/667 Nat'l #12,196/17,239

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

B Composite livability gradescore 72/100

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 · 206,264 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: 10% of renters

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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%

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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%

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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

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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

-3.1% since first listed

3 events — show timeline

• 2026-05-01 Price Changed $249,900 Zillow
• 2026-02-03 Price Changed $259,900 Zillow
• 2025-12-10 Listed $257,900 Zillow