6013 Stockholm Ln · Panama City, FL 32404

$179,000

3 bd · 2.0 ba · 1,188 sqft · Manufactured public records · 35 Days on market

Built 1989 0.33 ac lot $151/sqft · 66% above area

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Why this score? — see what drove the C 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 +24.9/30.0
• DSCR +8.1/10.0
• ARV discount +7.5/15.0
• 1% rule +5.3/10.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Original home was destroyed in Hurricane Michael. Dwelling was uninhabitable. Property sold as lot.

Key facts

• Spacious yard
• Storage shed
• Roof replacement

Tags

• SPACIOUS YARD
• STORAGE SHED
• ROOF REPLACEMENT
• PUBLIC WATER
• LARGER LOT

Property features AI

Finance

• HOA & community: Homeowners association present; Short-term rentals allowed in the community

Exterior

• Utilities: Publicly maintained city street access
• Home design: Double wide mobile home; Zoned for mobile home
• Construction: Block and vinyl siding construction
• Exterior features: Deck; Shed(s)

Interior

• Kitchen: Electric range
• Bedrooms: Multiple bedrooms (bedroom dimensions listed)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating
• Interior features: 10 total rooms; Dining room; Living room; Primary bedroom with primary bathroom
• Laundry & utility: Dedicated laundry room (approx. 9.4 x 7.8)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $179k.

Deal economics

• At list price, monthly cash flow is $386 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $179k).
• Recommended offer: $174k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 4.7% 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.
• Market conditions: Rents rising (+1.1%/yr); 969 active listings in the ZIP; 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 $1k of loan paydown is wiped out by about $5k 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 35 days — a 3% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y ago 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.
• Current owner paid $16k; list at $179k implies a 1019% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $173,630 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.03% ✓
• Cap rate: 8.88%
• Cash-on-cash: 9.25%
• DSCR: 1.41
• GRM: 8.1

CMA / ARV

• ARV (median comp): $108,000
• List price: $179,000
• Delta: 65.74%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -4.3%
• Equity multiple: 0.84×
• Total profit: $-7,908
• Equity at exit: $26,689

10-year hold

• IRR: 3.3%
• Equity multiple: 1.22×
• Total profit: $10,955
• Equity at exit: $15,477

Cash invested: $50,120 (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: 8.1×

Monthly cashflow live

• Estimated rent: $1,844 medium
• Mortgage (P&I): −$939
• Tax from tax record: −$57 /mo · $685/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $386

Break-even live

Break-even rent $1,355

Max offer price $179,000

Occupancy floor 74%

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-19
   days on market $179,000 Active 35 DOM
2. 2026-06-18
   days on market $179,000 Active 34 DOM
3. 2026-06-17
   days on market $179,000 Active 33 DOM
4. 2026-06-16
   days on market $179,000 Active 32 DOM
5. 2026-06-15
   days on market $179,000 Active 31 DOM
6. 2026-06-14
   days on market $179,000 Active 29 DOM
7. 2026-06-13
   days on market $179,000 Active 28 DOM
8. 2026-06-10
   days on market $179,000 Active 26 DOM
9. 2026-06-09
   days on market $179,000 Active 25 DOM
10. 2026-06-08
    days on market $179,000 Active 24 DOM
11. 2026-06-07
    days on market $179,000 Active 23 DOM
12. 2026-06-05
    days on market $179,000 Active 20 DOM
13. 2026-06-03
    days on market $179,000 Active 19 DOM
14. 2026-06-02
    days on market $179,000 Active 18 DOM
15. 2026-06-01
    days on market $179,000 Active 17 DOM
16. 2026-05-31
    days on market $179,000 Active 16 DOM
17. 2026-05-30
    days on market $179,000 Active 15 DOM
18. 2026-05-08
    listed $179,000 Active 1111-char remark
19. 2018-12-28
    historical
20. 2018-12-18
    soldstatus $16,000

    Show marketing remark (99 chars)

    Original home was destroyed in Hurricane Michael. Dwelling was uninhabitable. Property sold as lot.

21. 2018-07-07
    listed $74,000

    Show marketing remark (99 chars)

    Original home was destroyed in Hurricane Michael. Dwelling was uninhabitable. Property sold as lot.

22. 2018-07-07
    listed $16,000

    Show marketing remark (99 chars)

    Original home was destroyed in Hurricane Michael. Dwelling was uninhabitable. Property sold as lot.

23. 2017-06-20
    soldstatus $65,900
24. 2017-06-16
    soldstatus $65,900
25. 2017-05-17
    listed $65,900
26. 2000-12-28
    soldstatus $80,000

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

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $685 · $57/mo
• Projected year-2 tax: $1,486 · $124/mo
• Expected delta: +$801/yr (+$67/mo · 117.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,124
• − Mortgage interest: −$10,027
• − Property taxes: −$685
• − Insurance: −$895
• − Repairs & maintenance: −$1,770
• − Management: −$1,770
• − Depreciation: −$5,207
• Taxable income: $1,771
• Est. tax owed @ 24.0%: −$425
• After-tax cash flow: $4,209/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

• 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

+123.8% since first listed

9 events — show timeline

• 2026-05-08 Listed $179,000 CPARMLS
• 2018-12-28 Listing Removed — CPARMLS
• 2018-12-18 Sold (MLS) $16,000 CPARMLS
• 2018-07-07 Listed $16,000 CPARMLS
• 2018-07-07 Listed $74,000 CPARMLS
• 2017-06-20 Sold (Public Records) $65,900 Public Records
• 2017-06-16 Sold (MLS) $65,900 CPARMLS
• 2017-05-17 Listed $65,900 CPARMLS
• 2000-12-28 Sold (Public Records) $80,000 Public Records

Property tax history

+2.2%/yr

Latest (2025): $685 · +7.4% YoY. Source: county tax records.