1912 Chestnut Ave · Panama City, FL 32405

$218,000

3 bd · 2.0 ba · 1,456 sqft · SingleFamily public records · 337 Days on market

Built 1965 9,409 sqft lot $150/sqft · at area comps Est $262k · 17% under

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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 +16.3/30.0
• ARV discount +15.0/15.0
• DSCR +5.1/10.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• 1% rule +3.2/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

Key facts

• Back yard
• Shed
• Chickens

Tags

• FRUIT TREES
• CHICKENS
• SHED
• ASSUMABLE SOLAR PANELS
• BONUS ROOM
• BACK YARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $218k.

Deal economics

• At list price, monthly cash flow is $-5 ($-59/yr) — negative.
• To cash-flow at today's rent, offer at most $217k (0.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $180k (17.6% below list).
• Recommended offer: $180k (17.6% below list) — sets the bar for 1% rule.
• Cap rate 7.0% 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 (+1.2%/yr); 382 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $7k 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 337 days — a 12% lower offer ($192k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 17y ago; this cycle's ask has dropped $47k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $100k; list at $218k implies a 118% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); 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 $179,717 (17.6% 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 337 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.82% ✗
• Cap rate: 6.96%
• Cash-on-cash: 2.37%
• DSCR: 1.11
• GRM: 10.1

CMA / ARV

• ARV (median comp): $261,770
• List price: $218,000
• Delta: -16.72%
• 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
1910 Chestnut Ave	0.01mi	3/2.0	1,456 (0%)	8mo	$275,000	$189	93
2200 W 20th St	0.41mi	3/1.0	1,412 (-3%)	1mo	$115,000	$81	71
1712 Foster Ave	0.36mi	3/2.0	1,368 (-6%)	4mo	$325,000	$238	70
1812 Foster Ave	0.28mi	3/2.0	1,318 (-10%)	3mo	$220,000	$167	69
3108 W 20th Ct	0.27mi	3/2.0	1,600 (+10%)	4mo	$127,400	$80	68
2400 W 16th St	0.53mi	3/2.0	1,480 (+2%)	6mo	$255,000	$172	67
2333 Cincinnati Ave	0.58mi	3/2.5	1,489 (+2%)	2mo	$325,000	$218	65
2015 Pritchard St	0.63mi	3/2.0	1,430 (-2%)	8mo	$215,000	$150	61
1408 Wilmont Ave	0.66mi	3/2.0	1,528 (+5%)	0mo	$300,000	$196	61
3702 W 22nd St	0.60mi	3/1.0	1,521 (+4%)	5mo	$122,050	$80	56
1409 Hickory Ave	0.68mi	3/2.0	1,282 (-12%)	6mo	$225,000	$176	43
1404 Chestnut Ave	0.69mi	2/1.5 (-1)	1,350 (-7%)	7mo	$346,500	$257	43

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 · 1.24% rent growth · sell at horizon

5-year hold

• IRR: -18.4%
• Equity multiple: 0.36×
• Total profit: $-38,789
• Equity at exit: $32,505

10-year hold

• IRR: -14.4%
• Equity multiple: 0.24×
• Total profit: $-46,662
• Equity at exit: $18,849

Cash invested: $61,040 (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 32405

• Rents YoY: 1.2%
• Active inventory: 382
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,797 high
• Mortgage (P&I): −$1,143
• Tax from tax record: −$65 /mo · $785/yr
• Insurance: −$91
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $-5

Break-even live

Break-even rent $1,803

Max offer price $217,133

Occupancy floor 95%

Sensitivity live

Price	-10% $118	-5% $57	+0% $-5	+5% $-67	+10% $-128
Rent	-10% $-147	-5% $-76	+0% $-5	+5% $66	+10% $137
Rate	-1.0pp $105	-0.5pp $51	base $-5	+0.5pp $-61	+1.0pp $-119

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: $54,500
• Closing costs: $6,540
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1710 Drake Ave Panama City, FL	3.0	2.0	1130	$1,850	$1.64	22d	1	0.29mi
1804 Arthur Ave Panama City, FL	3.0	1.5	1044	$1,795	$1.72	22d	1	0.36mi
3722 Burnham Way Panama City, FL	3.0	2.0	1040	$1,600	$1.54	22d	1	0.59mi
1913 Laurel Ave Unit A Panama City, FL	2.0	2.5	1238	$1,725	$1.39	14d	1	0.84mi
4105 W 22nd St Unit 4105 Panama City, FL	3.0	2.0	1000	$1,395	$1.40	22d	1	0.84mi
2602 W 12th St Panama City, FL	3.0	2.0	1400	$2,095	$1.50	22d	1	0.96mi
4455 W 19th St #17 Panama City, FL	2.0	1.5	1104	$1,400	$1.27	22d	1	1.10mi
4324 W 20th St Panama City, FL	1.0–3.0	1.0–2.5	1000	$1,630	$1.63	14d	12	1.12mi
2100 W Beach Dr Unit F102 Panama City, FL	2.0	1.0	970	$1,700	$1.75	22d	1	1.34mi

Listing history 43 events

1. 2026-06-21
   days on market $218,000 Active 337 DOM
2. 2026-06-19
   days on market $218,000 Active 335 DOM
3. 2026-06-18
   days on market $218,000 Active 334 DOM
4. 2026-06-17
   days on market $218,000 Active 333 DOM
5. 2026-06-16
   days on market $218,000 Active 332 DOM
6. 2026-06-15
   days on market $218,000 Active 331 DOM
7. 2026-06-14
   days on market $218,000 Active 329 DOM
8. 2026-06-13
   days on market $218,000 Active 328 DOM
9. 2026-06-10
   days on market $218,000 Active 326 DOM
10. 2026-06-09
    days on market $218,000 Active 325 DOM
11. 2026-06-08
    days on market $218,000 Active 324 DOM
12. 2026-06-07
    pricedays on market $218,000 Active 323 DOM
13. 2026-06-05
    days on market $224,000 Active 320 DOM
14. 2026-06-03
    days on market $224,000 Active 319 DOM
15. 2026-06-02
    days on market $224,000 Active 318 DOM
16. 2026-06-01
    days on market $224,000 Active 317 DOM
17. 2026-05-31
    days on market $224,000 Active 316 DOM
18. 2026-05-30
    days on market $224,000 Active 315 DOM
19. 2026-05-15
    price $224,000 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

20. 2026-04-28
    status Active 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

21. 2026-03-12
    status Pending 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

22. 2026-03-12
    price $240,000 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

23. 2026-02-25
    status Active 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

24. 2026-02-24
    historical 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

25. 2026-02-23
    price $220,000 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

26. 2026-01-31
    price $230,000 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

27. 2026-01-09
    price $240,000 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

28. 2025-12-19
    price $250,000 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

29. 2025-12-12
    price $259,000 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

30. 2025-12-05
    price $264,000 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

31. 2025-12-01
    status Active 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

32. 2025-11-26
    historical 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

33. 2025-11-14
    price $269,000 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

34. 2025-09-16
    price $270,000 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

35. 2025-07-22
    price $265,000 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

36. 2025-06-30
    price $270,000 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

37. 2025-05-27
    listed $265,000 Active 738-char remark

    Show marketing remark (738 chars)

    HUGE PRICE DROP!!!!! * * Investor Special!!!! NEEDS FLOORS, paint and a creative person!! * * Eligible for a FHA203K Rehab Loan!!!!! Right in the middle of town with all these perks! Fruit trees (olive, peach and apple tree), a shed and lots of space. * * Solar panels for a cheap utility bill too! * * WILL BE PAID OFF AT CLOSING!! (With full price offer) * * House will need some updates but some are in the works. The kitchen is updated! New cabinets, countertops and floors. There is a nice big bonus room you can use as a dining room and such a lovely back yard to enjoy family time while you grill. Schedule your showing today to see all this house has to offer! Minutes from the beach, restaurants, schools and shopping.

38. 2021-12-09
    historical
39. 2017-09-26
    soldstatus $100,000
40. 2009-12-14
    listed $149,000
41. 2005-10-14
    soldstatus $160,000
42. 1989-04-01
    soldstatus $52,900
43. 1988-08-01
    soldstatus $51,200

ⓘ 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: $785 · $65/mo
• Projected year-2 tax: $1,809 · $151/mo
• Expected delta: +$1,024/yr (+$85/mo · 130.5%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone A · 71% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°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: $21,566
• − Mortgage interest: −$12,211
• − Property taxes: −$785
• − Insurance: −$2,592
• − Repairs & maintenance: −$1,725
• − Management: −$1,725
• − Depreciation: −$6,342
• Taxable loss: −$3,815
• Est. tax savings @ 24.0%: +$916
• After-tax cash flow: $857/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): 29,984
• Household income: $73,373
• Rent vs Own: 40.5% rent · 59.5% own
• Severe rent burden: 1008.0

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 (67%)
• Race & ethnicity: White 67% Black 17% Two or more races 8% Hispanic / Latino 7% Native American 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Slovak 4% Lithuanian 2% Romanian 2%
• Foreign-born: 7% · Canada
• Languages at home: 89% English-only · Spanish 6% Arabic 1% French/Haitian/Cajun 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: ▼ -217.88%
• Current HPI: 262.7854
• Rent YoY: ▲ 1.24%
• 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

+337.5% since first listed

25 events — show timeline

• 2026-05-15 Price Changed $224,000 CPARMLS
• 2026-04-28 Relisted — CPARMLS
• 2026-03-12 Pending — CPARMLS
• 2026-03-12 Price Changed $240,000 CPARMLS
• 2026-02-25 Relisted — CPARMLS
• 2026-02-24 Listing Removed — CPARMLS
• 2026-02-23 Price Changed $220,000 CPARMLS
• 2026-01-31 Price Changed $230,000 CPARMLS
• 2026-01-09 Price Changed $240,000 CPARMLS
• 2025-12-19 Price Changed $250,000 CPARMLS
• 2025-12-12 Price Changed $259,000 CPARMLS
• 2025-12-05 Price Changed $264,000 CPARMLS
• 2025-12-01 Relisted — CPARMLS
• 2025-11-26 Listing Removed — CPARMLS
• 2025-11-14 Price Changed $269,000 CPARMLS
• 2025-09-16 Price Changed $270,000 CPARMLS
• 2025-07-22 Price Changed $265,000 CPARMLS
• 2025-06-30 Price Changed $270,000 CPARMLS
• 2025-05-27 Listed $265,000 CPARMLS
• 2021-12-09 Listing Removed — CPARMLS
• 2017-09-26 Sold (Public Records) $100,000 Public Records
• 2009-12-14 Listed $149,000 CPARMLS
• 2005-10-14 Sold (Public Records) $160,000 Public Records
• 1989-04-01 Sold (Public Records) $52,900 Public Records
• 1988-08-01 Sold (Public Records) $51,200 Public Records

Property tax history

-4.9%/yr

Latest (2025): $785 · +4.0% YoY. Source: county tax records.