OFF_MARKETRisky Deal107 days on market
3909 Ray St
3909 Ray St, Panama City Beach, FL 32408, Panama City Beach, FL 32408
3909 Ray St, Panama City Beach, FL 32408
Loc: Panama City Beach, FL
Days Listed
107
Tax Assessed
$361k
Zestimate®
$532k
Market Rate
Lot Size
7,841 sqft
Rent Estimate
$1,501/mo
Est. Cash Flow base
Type
multi family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
9
Patronis Elementary School
K-5
1 mi away
7
Surfside Middle School
PK-12
6.3 mi away
4
J.R. Arnold High School
9-12
4.5 mi away
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit
Haven AI Verdict
Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
1.71%
Total ROI
-1.8%
Cash Flow
$-1,996/mo
DSCR
0.28
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Data provided by Haven AI. Disclaimer
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10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-05-19 | Sold | $535,000 | $253 |
| 2026-05-11 | Listed for sale | $550,000 | $260 |
| 2026-03-27 | Pending sale | $550,000 | $260 |
| 2026-03-04 | Price change | $550,000 | $260 |
| 2026-01-29 | Price change | $565,000 | $268 |
| 2025-12-03 | Listed for sale | $575,000 | $272 |
| 2025-11-01 | Listing removed | $584,919 | $277 |
| 2025-07-23 | Price change | $584,919 | $277 |
| 2025-07-15 | Price change | $598,000 | $283 |
| 2025-05-19 | Price change | $619,900 | $294 |
| 2025-04-08 | Listed for sale | $633,900 | $300 |
| 2025-03-21 | Listing removed | $629,900 | $298 |
| 2025-01-31 | Listed for sale | $629,900 | $298 |
| 2025-01-23 | Listing removed | $639,000 | $303 |
| 2025-01-23 | Listed for sale | $639,000 | $303 |
| 2024-12-16 | Contingent | $639,000 | $303 |
| 2024-09-20 | Listed for sale | $639,000 | $303 |
| 2023-12-15 | Listing removed | $0 | – |
| 2023-11-20 | Contingent | $624,000 | $295 |
| 2023-11-03 | Price change | $624,000 | $295 |
| 2023-09-29 | Price change | $625,000 | $296 |
| 2023-09-14 | Listed for sale | $639,000 | $303 |
| 2023-02-28 | Sold | $408,200 | $193 |
| 2023-01-07 | Pending sale | $455,000 | $215 |
| 2022-12-23 | Price change | $455,000 | $215 |
| 2022-12-02 | Listed for sale | $475,000 | $225 |
| 2014-07-29 | Sold | $164,900 | $78 |
| 2003-08-28 | Sold | $135,000 | $64 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2024 | $4,472.53 | $360,691 |
| 2023 | $1,445.25 | $151,433 |
| 2022 | $1,299.78 | $147,022 |
| 2020 | $1,293.43 | $140,769 |
| 2019 | $1,268.01 | $137,604 |
| 2018 | $1,268.01 | $135,038 |
| 2017 | $1,257.48 | $132,261 |
| 2016 | $1,235.22 | $132,842 |
| 2015 | $1,802.16 | $133,519 |
| 2014 | $1,802.16 | $95,631 |
| 2013 | $0 | $96,470 |
| 2012 | $0 | $97,795 |
| 2011 | $0 | $107,422 |
| 2010 | $0 | $109,602 |
| 2009 | $0 | $147,957 |
| 2008 | $0 | $152,066 |
| 2007 | $0 | $186,929 |
| 2006 | $0 | $239,727 |
| 2005 | $0 | $144,610 |
| 2004 | $0 | $118,484 |
| 2003 | $0 | $55,753 |
| 2002 | $0 | $54,446 |
| 2001 | $0 | $53,589 |
| 2000 | $0 | $52,876 |
Institutional Underwriting Ledger
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Data Sources:MLS List Price: $550,000Rent Basis: Observed Comp Model ($1,501/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $275/mo
Haven ScoreRisky
0/ 10
Multi-factor yield grade
Cap Rate (Unleveraged)
1.28%
NOI: $7,034/yr
Cash-on-Cash Yield
-21.5%
On $126,500 invested
DSCR Ratio
0.21x
Negative debt coverage
5-Yr Leveraged ROI
+-13.4%
Equity + cumulative cash
Financing Scenario Controls
Adjust down payment & rates to model your personalized returnMonthly Cash Flow Breakdown
Monthly Operating Deductions
Property Taxes (0.98% of basis)-$295/mo
Homeowner / Hazard Insurance-$275/mo
Vacancy Reserve (5% of rent)-$75/mo
Repairs & Maintenance (10% of rent)-$150/mo
Property Management (8% of rent)-$120/mo
Total Pure Operating Expenses-$915/mo
Net Investor Cash Flow
Gross Scheduled Rent+$1,501/mo
Less: Operating Expenses-$915/mo
Net Operating Income (NOI)+$586/mo
Less: Debt Service (30yr @ 6.75%)-$2,854/mo
Net Cash Flow
$-2,268/mo
$-27,212/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:
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