2717 E 6th Ct · Panama City, FL 32401

$109,500

2 bd · 1.0 ba · 984 sqft · SingleFamily public records · 184 Days on market

Built 1997 0.35 ac lot Est $192k · 43% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

Key facts

• Durable metal roof
• Privacy fence
• Outdoor living

Tags

• CUSTOM-BUILT BACK DECK
• DURABLE METAL ROOF
• PRIVACY FENCE
• OUTDOOR LIVING

Property features AI

Finance

• HOA & community: Subdivision: UNRECORDED SUBDIVISION

Exterior

• Utilities: Public water; Public sewer; Electric central AC
• Home design: Contemporary single-story home; Built in 1997; Resid Single Family zoning
• Construction: Metal roof
• Exterior features: Privacy fencing; Open deck

Interior

• Kitchen: Kitchen located on the first floor
• Bedrooms: Three bedrooms (all on the first floor); Primary bedroom about 13.5 x 11.5 ft; Second bedroom about 11.5 x 10.0 ft; Third bedroom about 10.0 x 10.0 ft
• Flooring: Laminate flooring; Tile flooring
• Bathrooms: Two full bathrooms
• Heating & cooling: Central air conditioning
• Interior features: Five total rooms; Living room on the first floor; Kitchen on the first floor; Master bedroom on the first floor

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $408 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $96k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.8% 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.
• Zoned schools: Parker Elementary School (math 24% / reading 32%, grade F, #1,951 of 2,144 statewide, top 91%, 496 students, 74% FRL); Rutherford High School (math 24% / reading 29%, grade F, #489 of 667 statewide, top 74%, 1,337 students, 63% FRL) — zoned schools average 69% FRL vs 48% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 27% at this address vs 51% district-wide (-24 pts) — the specific schools serving this property underperform the Bay average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 258 active listings in the ZIP; 7 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).
• This rent runs 31% of the median local income ($53k/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 $757 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 0.5% rent growth), your $31k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 184 days — a 12% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 22y ago; this cycle's ask has dropped $70k (39%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $96,360 (12.0% below list)

Questions for the listing agent

1. It's been on market 184 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 1.25% ✓
• Cap rate: 10.76%
• Cash-on-cash: 15.96%
• DSCR: 1.71
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $191,880
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2717 E 6th Ct	0.00mi	3/2.0 (+1)	984 (0%)	0mo	$95,000	$97	91
908 Kraft Ave	0.37mi	3/2.0 (+1)	1,025 (+4%)	3mo	$50,000	$49	64
511 N Gray Ave	0.19mi	2/2.0	860 (-13%)	3mo	$216,500	$252	63
2810 E 2 Nd Ct	0.62mi	2/1.0	946 (-4%)	3mo	$38,000	$40	62
807 Nottingham Dr	0.41mi	3/1.0 (+1)	936 (-5%)	8mo	$190,000	$203	61
2307 E 6th Ct	0.39mi	2/2.0	906 (-8%)	6mo	$175,000	$193	59
2603 E 6th St	0.14mi	3/2.0 (+1)	1,125 (+14%)	2mo	$239,900	$213	59
2601 E 6th St	0.15mi	3/2.0 (+1)	1,125 (+14%)	2mo	$229,900	$204	58
603 Maple Ave	0.71mi	2/1.0	904 (-8%)	8mo	$75,000	$83	47
2212 E 8th St	0.41mi	3/2.0 (+1)	1,125 (+14%)	2mo	$219,000	$195	46
1006 N Church Ave	0.51mi	3/2.0 (+1)	1,072 (+9%)	10mo	$105,000	$98	44
922 Huntington Dr	0.61mi	3/2.0 (+1)	1,125 (+14%)	6mo	$249,900	$222	34

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 · 0.45% rent growth · sell at horizon

5-year hold

• IRR: 4.1%
• Equity multiple: 1.16×
• Total profit: $4,766
• Equity at exit: $16,327

10-year hold

• IRR: 11.3%
• Equity multiple: 1.79×
• Total profit: $24,087
• Equity at exit: $9,468

Cash invested: $30,660 (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 32401

• Home prices YoY: -32.9%
• Rents YoY: 0.5%
• Active inventory: 258
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,373 high
• Mortgage (P&I): −$574
• Tax from tax record: −$57 /mo · $681/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$288
• Net cashflow: $408

Break-even live

Break-even rent $856

Max offer price $109,500

Occupancy floor 65%

Sensitivity live

Price	-10% $470	-5% $439	+0% $408	+5% $377	+10% $346
Rent	-10% $299	-5% $354	+0% $408	+5% $462	+10% $516
Rate	-1.0pp $463	-0.5pp $436	base $408	+0.5pp $379	+1.0pp $351

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: $27,375
• Closing costs: $3,285
• Reserves months: —
• Total cash needed: —

Rent comps 7 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	0.64mi
237 Helen Ave Panama City, FL	2.0	2.0	1000	$1,395	$1.40	21d	1	0.77mi
3719 E 8th Ct Panama City, FL	1.0–4.0	1.0–1.5	950	$1,100	$1.16	21d	1	0.88mi
3914 E 11th St #301 Panama City, FL	2.0	2.0	864	$1,000	$1.16	21d	1	1.27mi
1637 N James Ave Panama City, FL	2.0	1.5	972	$1,275	$1.31	21d	1	1.34mi
1401 Transmitter Rd Unit 15 Panama City, FL	3.0	2.0	1100	$1,395	$1.27	14d	1	1.35mi
4905 Alameda St Unit 1 Panama City, FL	3.0	2.0	942	$1,295	$1.37	21d	1	1.49mi

Listing history 28 events

1. 2026-06-01
   statusdays on market $109,500 Pending 184 DOM
2. 2026-05-31
   days on market $109,500 Active 183 DOM
3. 2026-05-30
   days on market $109,500 Active 182 DOM
4. 2026-05-18
   status Active 736-char remark

   Show marketing remark (736 chars)

   CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

5. 2026-05-18
   status Active

   Show marketing remark (736 chars)

   CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

6. 2026-05-18
   price $109,500

   Show marketing remark (736 chars)

   CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

7. 2026-05-18
   price $109,500 736-char remark

   Show marketing remark (736 chars)

   CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

8. 2026-05-13
   historical Active Under Contract 736-char remark

   Show marketing remark (736 chars)

   CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

9. 2026-05-13
   status Pending

   Show marketing remark (736 chars)

   CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

10. 2026-05-13
    price $115,000

    Show marketing remark (736 chars)

    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

11. 2026-05-13
    price $115,000 736-char remark

    Show marketing remark (736 chars)

    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

12. 2026-05-12
    price $109,500 736-char remark

    Show marketing remark (736 chars)

    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

13. 2026-03-16
    price $135,000

    Show marketing remark (736 chars)

    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

14. 2026-03-16
    price $135,000 736-char remark

    Show marketing remark (736 chars)

    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

15. 2026-02-10
    price $145,000

    Show marketing remark (736 chars)

    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

16. 2026-02-10
    price $145,000 736-char remark

    Show marketing remark (736 chars)

    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

17. 2026-01-02
    price $155,000

    Show marketing remark (736 chars)

    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

18. 2026-01-02
    price $155,000 736-char remark

    Show marketing remark (736 chars)

    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

19. 2025-11-24
    listed $180,000 Active
20. 2025-11-18
    listed $180,000 Active 736-char remark

    Show marketing remark (736 chars)

    CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Spacious lot with ample room to enjoy outdoor living. This well-maintained 3-bedroom, 2-bath home features a custom-built back deck and a durable metal roof. Inside, you'll find a generously sized kitchen with abundant countertop space, along with comfortable living and dining areas ideal for everyday living or entertaining. The home includes washer and dryer hookups for added convenience. A privacy fence surrounds the backyard, providing a secure and quiet space to relax, entertain, or store recreational vehicles such as boats and RVs. This property is an excellent opportunity for first-time buyers, those looking to downsize, or investors seeking a reliable rental.

21. 2024-07-09
    listed $170,000 Active
22. 2021-12-14
    historical
23. 2021-08-05
    historical
24. 2021-06-16
    listed $130,000
25. 2006-03-31
    soldstatus $128,000
26. 2006-03-30
    soldstatus $128,000
27. 2006-02-25
    listed $127,000
28. 2004-07-06
    listed $79,900

ⓘ 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: $681 · $57/mo
• Projected year-2 tax: $909 · $76/mo
• Expected delta: +$228/yr (+$19/mo · 33.4%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°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: $16,472
• − Mortgage interest: −$6,134
• − Property taxes: −$681
• − Insurance: −$548
• − Repairs & maintenance: −$1,318
• − Management: −$1,318
• − Depreciation: −$3,185
• Taxable income: $3,289
• Est. tax owed @ 24.0%: −$789
• After-tax cash flow: $4,104/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): 18,947
• Household income: $52,523
• Rent vs Own: 39.7% rent · 60.3% own
• Severe rent burden: 935.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 60% Black 23% Hispanic / Latino 11% Two or more races 8% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Italian 2% Lithuanian 2% Slovak 2%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 8% Other Indo-European 1% German/W. Germanic 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: ▼ -142.12%
• Current HPI: 290.3312
• Rent YoY: ▲ 0.45%
• 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

+37.0% since first listed

25 events — show timeline

• 2026-05-18 Relisted — CPARMLS
• 2026-05-18 Relisted — ECAR
• 2026-05-18 Price Changed $109,500 ECAR
• 2026-05-18 Price Changed $109,500 CPARMLS
• 2026-05-13 Contingent — CPARMLS
• 2026-05-13 Pending — ECAR
• 2026-05-13 Price Changed $115,000 ECAR
• 2026-05-13 Price Changed $115,000 CPARMLS
• 2026-05-12 Price Changed $109,500 CPARMLS
• 2026-03-16 Price Changed $135,000 ECAR
• 2026-03-16 Price Changed $135,000 CPARMLS
• 2026-02-10 Price Changed $145,000 ECAR
• 2026-02-10 Price Changed $145,000 CPARMLS
• 2026-01-02 Price Changed $155,000 ECAR
• 2026-01-02 Price Changed $155,000 CPARMLS
• 2025-11-24 Listed $180,000 ECAR
• 2025-11-18 Listed $180,000 CPARMLS
• 2024-07-09 Listed $170,000 CPARMLS
• 2021-12-14 Listing Removed — CPARMLS
• 2021-08-05 Listing Removed — CPARMLS
• 2021-06-16 Listed $130,000 CPARMLS
• 2006-03-31 Sold (Public Records) $128,000 Public Records
• 2006-03-30 Sold (MLS) $128,000 CPARMLS
• 2006-02-25 Listed $127,000 CPARMLS
• 2004-07-06 Listed $79,900 CPARMLS

Property tax history

+1.9%/yr

Latest (2025): $681 · +1.9% YoY. Source: county tax records.