7135 Hatteras Blvd · Panama City, FL 32404

$295,000

4 bd · 2.0 ba · 2,028 sqft · SingleFamily public records · 21 Days on market

Built 2019 5,663 sqft lot Est $333k · 11% under

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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).

• ARV discount +12.6/15.0
• Cash flow +12.1/30.0
• Schools +4.3/10.0
• DSCR +3.6/10.0
• Livability +3.6/5.0
• 1% rule +3.0/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautiful 4 bedroom, 2 bathroom and 2 car garage home for under $300k! Almost new as it was built in 2019 and has over 2000 square feet. Fenced in backyard and sits on a quiet pond. This open floor plan is perfect for families to gather in the living room, dining room, and kitchen. Large master bedroom and master bathroom. Plus, there's also a nice covered back patio. Located close to shopping, restaurants, TAFB, or the Navy base. Don't miss out on this lovely spacious home.

Key facts

• Covered rear patio
• Spacious kitchen
• Peaceful pond

Tags

• OPEN-CONCEPT FLOOR PLAN
• SPACIOUS KITCHEN
• FENCED BACKYARD
• PEACEFUL POND
• COVERED REAR PATIO
• CONVENIENTLY LOCATED

Property features AI

Finance

• HOA & community: Homeowners association; Waterfront community

Exterior

• Parking: 2-car garage
• Utilities: Public sewer
• Home design: Single-family residence; City street frontage; Publicly maintained road; Has a view
• Construction: Vinyl siding
• Exterior features: Covered patio; Covered porch; Deck; Fenced yard; Lakefront

Interior

• Kitchen: Electric oven
• Bedrooms: Primary bedroom on the first floor; Additional bedroom on the first floor
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Heat pump; Central air conditioning
• Interior features: Covered porch; Covered patio; Deck; Lakefront view

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $295k.

Deal economics

• At list price, monthly cash flow is $-66 ($-788/yr) — negative.
• To cash-flow at today's rent, offer at most $283k (3.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $236k (20.0% below list).
• Recommended offer: $236k (20.0% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 4.7% in Panama City — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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); 981 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2,473 units permitted in Bay County in 2024 (559 in 5+ unit buildings).
• This rent runs 38% 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 21 days — a 2% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y 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.

Risks & watch-outs

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

Recommended offer $236,102 (20.0% 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. 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. 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?
6. 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.
7. 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.
8. 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: 0.80% ✗
• Cap rate: 6.03%
• Cash-on-cash: -0.95%
• DSCR: 0.96
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $332,592
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7141 Hatteras Blvd	0.03mi	4/2.0	1,813 (-11%)	6mo	$292,500	$161	76
7106 Penn Way	0.12mi	4/2.0	1,789 (-12%)	2mo	$275,000	$154	73
5817 Tiagra Dr	0.15mi	4/2.0	1,787 (-12%)	2mo	$342,750	$192	72
5821 Viking Way	0.22mi	4/2.0	1,827 (-10%)	4mo	$305,000	$167	69
7117 Shimano Way	0.08mi	4/2.5	2,322 (+14%)	4mo	$280,000	$121	67
7304 Ellie B Dr	0.30mi	4/2.0	1,788 (-12%)	0mo	$258,000	$144	66
5918 Nordic Dr	0.28mi	4/2.0	1,768 (-13%)	7mo	$279,900	$158	60
7229 Ellie B	0.25mi	4/2.0	1,787 (-12%)	11mo	$305,000	$171	60
7121 Riverbrooke St	0.43mi	4/2.0	1,768 (-13%)	2mo	$290,000	$164	57
7159 Riverbrooke St	0.38mi	4/2.0	1,768 (-13%)	13mo	$294,500	$167	50
6152 Riverbrooke Dr	0.47mi	4/2.5	2,232 (+10%)	13mo	$310,000	$139	48
5424 Olympia Dr	0.58mi	3/2.0 (-1)	2,300 (+13%)	12mo	$385,000	$167	35

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: $-56,400
• Equity at exit: $43,985

10-year hold

• IRR: -17.2%
• Equity multiple: 0.13×
• Total profit: $-71,946
• Equity at exit: $25,506

Cash invested: $82,600 (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: 981
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,361 medium
• Mortgage (P&I): −$1,547
• Tax from tax record: −$261 /mo · $3,131/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$496
• Net cashflow: $-66

Break-even live

Break-even rent $2,444

Max offer price $283,398

Occupancy floor 98%

Sensitivity live

Price	-10% $101	-5% $18	+0% $-66	+5% $-149	+10% $-233
Rent	-10% $-252	-5% $-159	+0% $-66	+5% $28	+10% $121
Rate	-1.0pp $83	-0.5pp $9	base $-66	+0.5pp $-142	+1.0pp $-220

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5832 Viking Way Panama City, FL	5.0	3.0	2593	$2,595	$1.00	14d	1	0.28mi

Listing history 17 events

1. 2026-06-21
   days on market $295,000 Active 21 DOM
2. 2026-06-19
   days on market $295,000 Active 19 DOM
3. 2026-06-18
   days on market $295,000 Active 18 DOM
4. 2026-06-17
   days on market $295,000 Active 17 DOM
5. 2026-06-16
   days on market $295,000 Active 16 DOM
6. 2026-06-15
   days on market $295,000 Active 15 DOM
7. 2026-06-14
   days on market $295,000 Active 13 DOM
8. 2026-06-13
   days on market $295,000 Active 12 DOM
9. 2026-06-10
   days on market $295,000 Active 10 DOM
10. 2026-06-09
    days on market $295,000 Active 9 DOM
11. 2026-06-08
    days on market $295,000 Active 8 DOM
12. 2026-06-07
    days on market $295,000 Active 7 DOM
13. 2026-06-05
    days on market $295,000 Active 4 DOM
14. 2026-06-03
    days on market $295,000 Active 3 DOM
15. 2026-06-02
    days on market $295,000 Active 2 DOM
16. 2026-06-01
    remarks 699-char remark
17. 2026-06-01
    listed $295,000 Active 1 DOM

ⓘ 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: $3,131 · $261/mo
• Projected year-2 tax: $3,131 · $261/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

ⓘ 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 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥104°F today · 20 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: $28,332
• − Mortgage interest: −$16,525
• − Property taxes: −$3,131
• − Insurance: −$1,475
• − Repairs & maintenance: −$2,267
• − Management: −$2,267
• − Depreciation: −$8,582
• Taxable loss: −$5,914
• Est. tax savings @ 24.0%: +$1,419
• After-tax cash flow: $631/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

-78.3% since first listed

8 events — show timeline

• 2026-05-30 Listed $295,000 CPARMLS
• 2026-05-09 Rental Removed $2,200 APPFOLIO
• 2026-04-29 Listed for Rent $2,200 APPFOLIO
• 2022-03-02 Sold (Public Records) $295,000 Public Records
• 2022-02-28 Sold (MLS) $295,000 CPARMLS
• 2022-02-15 Listing Removed — CPARMLS
• 2022-01-18 Listed $295,000 CPARMLS
• 2018-04-10 Sold (Public Records) $1,360,000 Public Records

Property tax history

+87.1%/yr

Latest (2025): $3,131 · -2.8% YoY. Source: county tax records.