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24
Value up to $399K, Rent at $2,201
Updated yesterday • 5 new comps
Your Investment Paths
Turnkey Rental
This property at 1522 Fountain Ave shows impressive rental potential. Market analysis suggests a healthy monthly income ranging from $1,988 to $2,201. These figures indicate a strong rental demand for well-maintained homes in this neighborhood. With a robust estimated yield of 18.08%, this investment offers significant cash flow potential. Leveraging these market-rate rental projections provides a clear pathway for investors to achieve solid returns compared to similar homes in Panama City.
Rental Income
$25K
Yield
18.1%
Year 1 Estimates
Fix-and-Flip
Upgrading kitchen countertops offers a refreshing lifestyle enhancement. While recent sales show a difference of $163.94 per square foot versus the $179.12 baseline, this update creates an inviting atmosphere that captures buyer interest effectively. Investing in stone surfaces elevates your home’s character, potentially boosting rent to $2,100. This improvement fosters a modern feel that helps your property shine. Focus on quality finishes to ensure long-term satisfaction and pride of ownership.
Comps
2
Buy-Rehab-Rent
This property offers solid BRR potential with a projected post-renovation value between $310,000 and $343,000. These figures suggest a healthy margin for investors looking to force appreciation through targeted upgrades to this 1962 single-family home. Monthly rental income is estimated at $1,919, yielding a respectable 7.1% return. This performance, combined with the property's significant market value upside, presents a practical opportunity for building equity while maintaining reliable, consistent cash flow.
Rental Income
$23K
Yield
7.1%
Year 1 Estimates, Post Typical Renovation
More about this home
Neighborhood Assessment
Oakland Terrace in central Panama City is a blue‑collar, in‑town neighborhood with mostly small mid‑century brick homes and solid rental demand. You’re close to 15th St, downtown services, hospitals and everyday shopping, so it’s more “convenience and cars” than charming, walk‑everywhere lifestyle. Schools are mixed (roughly 2–4/10 nearby), so this isn’t the top school‑district play, but prices in the low‑ to mid‑100Ks make the area attractive for value buyers and workforce rentals. Nearby homes under 1.2K sqft trading around 120K–180K suggest this 1,855 sqft all‑brick house is underpriced per foot due to its needed repairs.
Market Activity
Estimated value
$139K
$226.8K below comp median
Comparative Market Analysis
$230K – $520K
~32 days to sell
Based on 8 comps
Property Research
Fixer-Upper Costs and Resale Upside
This property is a classic "diamond in the rough" scenario. At $75/sqft, you’re buying in well below the market median of $178/sqft. With 1,855 sqft to work with, you have a massive size advantage over nearby comps, which usually hover around 1,500 sqft. To hit that $350,000+ ARV (After Repair Value) suggested by our market analysis, you’ll likely need a moderate overhaul. Since it's a 1962 build being sold as-is, we should budget for modernizing the systems and the aesthetic. I’d recommend focusing your budget on: Durable Surfaces: Luxury Vinyl Plank (LVP) flooring is a must for rentals or mid-range flips in Panama City. The Kitchen: This is where you’ll win. Think white shaker cabinets, granite counters, and stainless appliances. Major Systems: Always set aside a "buffer" for the roof, HVAC, and electrical—buyers at $350k won't overlook these. | Budget Category | Estimated Investment | | :--- | :--- | | Cosmetic (Paint, Floor, Fixtures) | $30,000 - $40,000 | | Kitchen & Bath Remodel | $25,000 - $35,000 | | Systems (Roof, HVAC, Plumbing) | $15,000 - $20,000 | | Landscaping & Shed Repair | $5,000 - $10,000 | | Total Estimated Rehab | $75,000 - $105,000 | If you buy at $139k and put $90k in, your all-in cost is roughly $229k. Selling at $350k+ leaves plenty of meat on the bone even after commissions and holding costs. This is a high-conviction value play!
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