For SaleRisky Deal21 days on market
7116 Melissa Elaine Dr
7116 Melissa Elaine Dr, Panama City Beach, FL 32407, Panama City Beach, FL 32407
$290,000
Estimate®:$279,500
Listing Price
7116 Melissa Elaine Dr, Panama City Beach, FL 32407
Loc: Panama City Beach, FL
Days Listed
21
Tax Assessed
$294k
Estimate®
$280k
Market Rate
Lot Size
6,970 sqft
Rent Estimate
$2,262/mo
Est. Cash Flow base
Type
single 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.
7
Breakfast Point Academy
PK-8
3.4 mi away
4
J.R. Arnold High School
9-12
3.1 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylestucco exteriorsingle-storyattached two-car garagearched windowsgabled roofcovered entrysuburbanlight green sidingasphalt shinglestraditional residentialconcrete driveway
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.59%
Total ROI
80.4%
Cash Flow
$-153/mo
DSCR
0.90
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-153/mo net cash flow with a 5.6% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.6%)
- • Strong rental demand in Panama City Beach
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-20 | Price change | $290,000 | $190 |
| 2026-09-04 | Listed for sale | $325,000 | $213 |
| 2020-01-21 | Sold | $199,000 | $130 |
| 2014-05-21 | Sold | $165,000 | $108 |
| 2014-02-07 | Listed for sale | $169,000 | $111 |
| 2000-10-11 | Sold | $136,000 | $89 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,159.25 | $211,937 |
| 2024 | $2,089.41 | $205,964 |
| 2023 | $2,052.02 | $199,965 |
| 2022 | $1,844.77 | $194,141 |
| 2020 | $2,138.29 | $171,797 |
| 2019 | $1,985.35 | $157,895 |
| 2018 | $1,985.35 | $152,451 |
| 2017 | $2,018.79 | $138,592 |
| 2016 | $1,786.6 | $139,762 |
| 2015 | $1,903.84 | $141,224 |
| 2014 | $1,903.84 | $145,258 |
| 2013 | $0 | $145,700 |
| 2012 | $0 | $146,965 |
| 2011 | $0 | $146,797 |
| 2010 | $0 | $148,240 |
| 2009 | $0 | $152,078 |
| 2008 | $0 | $151,926 |
| 2007 | $0 | $147,501 |
| 2006 | $0 | $140,114 |
| 2005 | $0 | $136,033 |
| 2004 | $0 | $132,071 |
| 2003 | $0 | $129,608 |
| 2002 | $0 | $126,570 |
| 2001 | $0 | $126,570 |
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