Real Estate Investment Properties for Sale in Panama City, FL

Looking for investment property in Panama City, FL with high ROI ?

Explore a variety of short-term homes & houses in Panama City, FL. Invest wisely with VRBO & Panama City, FL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Townhouses for Sale in Panama City, FL

Search for Townhouse for Sale in Panama City, Florida. Browse all of Mashvisor’s Townhouse listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 37 Townhouse listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
202 Callaway Chase Lane Panama City, FL Immaculate end-unit townhome! Seller offering $5,000 in Closing Costs assistance and Fidel...	3 beds \| 3 baths \| 1,166 sq.ft.	$195,000	Airbnb cash on cash: 9.36% Traditional cash on cash: 5.23% Airbnb Rental Income: $3019 Traditional Rental Income: $1561 Airbnb ROI: 9.36% Traditional ROI: 5.23%
3127 Debra Boulevard Panama City, FL Welcome home to this move-in-ready townhome featuring an updated kitchen with beautiful qu...	2 beds \| 2 baths \| 1,049 sq.ft.	$169,000	Airbnb cash on cash: 8.99% Traditional cash on cash: 6.3% Airbnb Rental Income: $2503 Traditional Rental Income: $1463 Airbnb ROI: 8.99% Traditional ROI: 6.3%
1211 Capri Drive Panama City, FL Experience waterfront living at this beautifully updated 3-bedroom, 2.5-bath duplex, perfe...	3 beds \| 3 baths \| 1,572 sq.ft.	$354,000	Airbnb cash on cash: 4.58% Traditional cash on cash: 4.82% Airbnb Rental Income: $3019 Traditional Rental Income: $2408 Airbnb ROI: 4.58% Traditional ROI: 4.82%
6216 N Lagoon Drive Panama City, FL $10k Price Improvement!! Welcome Home! Spacious end unit Townhome close To Everything! W...	3 beds \| 3 baths \| 1,825 sq.ft.	$374,900	Airbnb cash on cash: 4.03% Traditional cash on cash: 3.97% Airbnb Rental Income: $3019 Traditional Rental Income: $2307 Airbnb ROI: 4.03% Traditional ROI: 3.97%
3728 Greentree Place Panama City, FL Welcome to 3728 Greentree Place in Panama City, a home offering space, privacy, and a conv...	4 beds \| 2 baths \| 1,350 sq.ft.	$299,000	Airbnb cash on cash: 8.6% Traditional cash on cash: 4.1% Airbnb Rental Income: $3982 Traditional Rental Income: $1863 Airbnb ROI: 8.6% Traditional ROI: 4.1%
5912 Callaway Circle Panama City, FL This 3-bedroom, 2.5-bath townhome with a one-car garage is a prime investment opportunity ...	3 beds \| 3 baths \| 1,519 sq.ft.	$230,000	Airbnb cash on cash: 7.29% Traditional cash on cash: 5.87% Airbnb Rental Income: $3019 Traditional Rental Income: $2017 Airbnb ROI: 7.29% Traditional ROI: 5.87%
5500 Beach Drive #6 Panama City, FL If hearing the waves crash into the shore is what you want to hear when you open your wind...	2 beds \| 1 baths \| 696 sq.ft.	$229,000	Airbnb cash on cash: 5.8% Traditional cash on cash: 4.61% Airbnb Rental Income: $2503 Traditional Rental Income: $1639 Airbnb ROI: 5.8% Traditional ROI: 4.61%
1011 W 11th Court Panama City, FL Fully furnished short term rental ready for your portfolio! Do not miss this rare opportun...	3 beds \| 2 baths \| 1,218 sq.ft.	$249,900	Airbnb cash on cash: 7.96% Traditional cash on cash: 6.33% Airbnb Rental Income: $3019 Traditional Rental Income: $1942 Airbnb ROI: 7.96% Traditional ROI: 6.33%
5720 Beach Drive Panama City, FL **Multiple Offers Exists/ Please submit your Highest and Best Offers before 1PM CST on Mon...	2 beds \| 3 baths \| 1,158 sq.ft.	$227,500	Airbnb cash on cash: 6.07% Traditional cash on cash: 6.94% Airbnb Rental Income: $2503 Traditional Rental Income: $2084 Airbnb ROI: 6.07% Traditional ROI: 6.94%
204 Baldwin Rowe Circle Panama City, FL Right in the heart of Panama City, this Baldwin Rowe townhome puts you close to Bay County...	3 beds \| 3 baths \| 1,654 sq.ft.	$265,000	Airbnb cash on cash: 5.83% Traditional cash on cash: 5.28% Airbnb Rental Income: $3019 Traditional Rental Income: $2189 Airbnb ROI: 5.83% Traditional ROI: 5.28%
832 Premier Drive Panama City, FL Completely renovated, move-in ready and just a short walk to St Andrews Bay. This beautifu...	2 beds \| 2 baths \| 1,042 sq.ft.	$210,000	Airbnb cash on cash: 7.51% Traditional cash on cash: 6.33% Airbnb Rental Income: $2503 Traditional Rental Income: $1661 Airbnb ROI: 7.51% Traditional ROI: 6.33%
5408 Pinetree Avenue Panama City, FL Half a mile from the sand and priced to catch your eye -- this one-bedroom, one-and-a-half...	1 beds \| 2 baths \| 870 sq.ft.	$215,000	Airbnb cash on cash: 3.16% Traditional cash on cash: 4.81% Airbnb Rental Income: $1645 Traditional Rental Income: $1518 Airbnb ROI: 3.16% Traditional ROI: 4.81%
2509 W 11th Street Panama City, FL Modern Townhome Just Steps from Historic St. Andrews Experience the perfect blend of moder...	3 beds \| 3 baths \| 1,845 sq.ft.	$369,500	Airbnb cash on cash: 4.13% Traditional cash on cash: 4.28% Airbnb Rental Income: $3019 Traditional Rental Income: $2378 Airbnb ROI: 4.13% Traditional ROI: 4.28%
181 Damon Circle Panama City, FL 2 FULL BATHROOMS, PLUS A 1/2 BATH. This townhouse is really close to one of the nicest poo...	3 beds \| 3 baths \| 1,332 sq.ft.	$339,000	Airbnb cash on cash: 4.96% Traditional cash on cash: 2.03% Airbnb Rental Income: $3019 Traditional Rental Income: $1393 Airbnb ROI: 4.96% Traditional ROI: 2.03%
406 Baldwin Rowe Circle #406 Panama City, FL This 3 bedroom 2.5 bath END unit is located in the gated community of Baldwin Rowe. Kitche...	3 beds \| 3 baths \| 1,654 sq.ft.	$240,000	Airbnb cash on cash: 7.71% Traditional cash on cash: 7.06% Airbnb Rental Income: $3019 Traditional Rental Income: $2180 Airbnb ROI: 7.71% Traditional ROI: 7.06%
5010 Hickory Street Panama City, FL Welcome to this beautifully renovated, move-in ready property that truly needs no work. Fr...	2 beds \| 2 baths \| 1,226 sq.ft.	$170,000	Airbnb cash on cash: 8.79% Traditional cash on cash: 8.07% Airbnb Rental Income: $2503 Traditional Rental Income: $1781 Airbnb ROI: 8.79% Traditional ROI: 8.07%
1824 Mallard Drive #B Panama City, FL WATERFRONT LIVING at an exceptional value! This spacious 3-bedroom, 2.5-bath townhome offe...	3 beds \| 3 baths \| 1,736 sq.ft.	$215,000	Airbnb cash on cash: 9.31% Traditional cash on cash: 9.54% Airbnb Rental Income: $3019 Traditional Rental Income: $2375 Airbnb ROI: 9.31% Traditional ROI: 9.54%
2725 Usery Road Panama City, FL Looking for a new construction home in Panama City, FL with no HOA and short-term rentals ...	4 beds \| 3 baths \| 2,080 sq.ft.	$289,000	Airbnb cash on cash: 9.96% Traditional cash on cash: 8.69% Airbnb Rental Income: $3982 Traditional Rental Income: $2782 Airbnb ROI: 9.96% Traditional ROI: 8.69%
2723 Usery Road Panama City, FL Back on the market through no fault of the seller or the property. The previous buyer elec...	4 beds \| 3 baths \| 2,080 sq.ft.	$289,000	Airbnb cash on cash: 9.96% Traditional cash on cash: 8.78% Airbnb Rental Income: $3982 Traditional Rental Income: $2807 Airbnb ROI: 9.96% Traditional ROI: 8.78%
6718 Cherry Street Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. New Construction Townhome Co...	3 beds \| 3 baths \| 1,350 sq.ft.	$219,900	Airbnb cash on cash: 8.85% Traditional cash on cash: 9.14% Airbnb Rental Income: $3019 Traditional Rental Income: $2389 Airbnb ROI: 8.85% Traditional ROI: 9.14%
6716 Cherry Street Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. New Construction Townhome Co...	3 beds \| 3 baths \| 1,350 sq.ft.	$219,900	Airbnb cash on cash: 8.85% Traditional cash on cash: 9.14% Airbnb Rental Income: $3019 Traditional Rental Income: $2389 Airbnb ROI: 8.85% Traditional ROI: 9.14%
6714 Cherry Street Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. New Construction Townhome Co...	3 beds \| 3 baths \| 1,350 sq.ft.	$219,900	Airbnb cash on cash: 8.85% Traditional cash on cash: 9.14% Airbnb Rental Income: $3019 Traditional Rental Income: $2389 Airbnb ROI: 8.85% Traditional ROI: 9.14%
6712 Cherry Street Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. New Construction Townhome Co...	3 beds \| 3 baths \| 1,350 sq.ft.	$219,900	Airbnb cash on cash: 9% Traditional cash on cash: 9.35% Airbnb Rental Income: $3019 Traditional Rental Income: $2400 Airbnb ROI: 9% Traditional ROI: 9.35%
6724 Cherry Street Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. New Construction Townhome Co...	3 beds \| 3 baths \| 1,350 sq.ft.	$219,900	Airbnb cash on cash: 8.85% Traditional cash on cash: 9.2% Airbnb Rental Income: $3019 Traditional Rental Income: $2400 Airbnb ROI: 8.85% Traditional ROI: 9.2%
6726 Cherry Street Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. New Construction Townhome Co...	3 beds \| 3 baths \| 1,350 sq.ft.	$219,900	Airbnb cash on cash: 8.85% Traditional cash on cash: 9.2% Airbnb Rental Income: $3019 Traditional Rental Income: $2400 Airbnb ROI: 8.85% Traditional ROI: 9.2%
6728 Cherry Street Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. New Construction Townhome Co...	3 beds \| 3 baths \| 1,350 sq.ft.	$219,900	Airbnb cash on cash: 8.85% Traditional cash on cash: 9.2% Airbnb Rental Income: $3019 Traditional Rental Income: $2400 Airbnb ROI: 8.85% Traditional ROI: 9.2%
6722 Cherry Street Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. New Construction Townhome Co...	3 beds \| 3 baths \| 1,350 sq.ft.	$219,900	Airbnb cash on cash: 8.85% Traditional cash on cash: 9.14% Airbnb Rental Income: $3019 Traditional Rental Income: $2389 Airbnb ROI: 8.85% Traditional ROI: 9.14%
1341 Capri Drive Panama City, FL REDUCED -- REDUCED --IMMACULATE - UPDATED - THIS SPACIOUS TOWNHOME OPENS TO A LARGE GREATR...	3 beds \| 3 baths \| 1,740 sq.ft.	$364,500	Airbnb cash on cash: 5.06% Traditional cash on cash: 5.35% Airbnb Rental Income: $3019 Traditional Rental Income: $2424 Airbnb ROI: 5.06% Traditional ROI: 5.35%
6908 Beach Drive Panama City, FL NEW PRICE--MOTIVATED SELLER! Capitalize on instant equity and turn-key income potential wi...	3 beds \| 2 baths \| 1,242 sq.ft.	$499,000	Airbnb cash on cash: 2.92% Traditional cash on cash: 2.67% Airbnb Rental Income: $3019 Traditional Rental Income: $2210 Airbnb ROI: 2.92% Traditional ROI: 2.67%
6089 E Highway 98 Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Seller will contribute $7,500...	3 beds \| 3 baths \| 1,414 sq.ft.	$270,000	Airbnb cash on cash: 6.56% Traditional cash on cash: 6.56% Airbnb Rental Income: $3019 Traditional Rental Income: $2327 Airbnb ROI: 6.56% Traditional ROI: 6.56%
3515 W 19th Street #2 Panama City, FL CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Adorably updated, this beauti...	3 beds \| 2 baths \| 1,376 sq.ft.	$229,000	Airbnb cash on cash: 8.28% Traditional cash on cash: 5.31% Airbnb Rental Income: $3019 Traditional Rental Income: $1682 Airbnb ROI: 8.28% Traditional ROI: 5.31%
1319 Capri Drive Panama City, FL Welcome to 1319 Capri Drive, an end-unit waterfront townhome offering direct North Bay acc...	4 beds \| 3 baths \| 1,834 sq.ft.	$429,000	Airbnb cash on cash: 6.16% Traditional cash on cash: 4.29% Airbnb Rental Income: $3982 Traditional Rental Income: $2378 Airbnb ROI: 6.16% Traditional ROI: 4.29%
7719 Surf Drive Panama City, FL Gulf Front 2 bedroom 3 full bath townhome. Park at your front door. No elevator to wait on...	2 beds \| 3 baths \| 1,376 sq.ft.	$999,900	Airbnb cash on cash: 0.71% Traditional cash on cash: 0.69% Airbnb Rental Income: $2503 Traditional Rental Income: $1883 Airbnb ROI: 0.71% Traditional ROI: 0.69%
6716 Olokee Street Panama City, FL Welcome to 6716 Olokee Street, a beautifully updated 2-bedroom, 1.5-bath townhome offering...	2 beds \| 2 baths \| 1,144 sq.ft.	$174,900	Airbnb cash on cash: 8.95% Traditional cash on cash: 6.52% Airbnb Rental Income: $2503 Traditional Rental Income: $1492 Airbnb ROI: 8.95% Traditional ROI: 6.52%
318 Sukoshi Drive Panama City, FL Investors and creative potential owners. Come experience this visually impressive waterfro...	3 beds \| 3 baths \| 1,547 sq.ft.	$227,000	Airbnb cash on cash: 8.51% Traditional cash on cash: 7.5% Airbnb Rental Income: $3019 Traditional Rental Income: $2111 Airbnb ROI: 8.51% Traditional ROI: 7.5%
402 Baldwin Rowe Circle Panama City, FL Welcome to this beautiful 2-bedroom, 2.5-bath townhome in the highly desirable gated commu...	2 beds \| 3 baths \| 1,562 sq.ft.	$219,900	Airbnb cash on cash: 6.76% Traditional cash on cash: 7.09% Airbnb Rental Income: $2503 Traditional Rental Income: $1965 Airbnb ROI: 6.76% Traditional ROI: 7.09%
305 Wilson Avenue #11 Panama City, FL Looking for a waterfront townhome with a private boat slip in historic Panama City? Welcom...	1 beds \| 1 baths \| 570 sq.ft.	$225,000	Airbnb cash on cash: 3.2% Traditional cash on cash: 3.37% Airbnb Rental Income: $1645 Traditional Rental Income: $1219 Airbnb ROI: 3.2% Traditional ROI: 3.37%

Your search for investment property begins and ends here

Townhouses for Sale in Panama City, FL

202 Callaway Chase Lane

Panama City, FL

3 beds | 3 baths | 1,166 sq.ft.

$195,000

Airbnb cash on cash: 9.36%

Traditional cash on cash: 5.23%

Airbnb Rental Income: $3019

Traditional Rental Income: $1561

Airbnb ROI: 9.36%

Traditional ROI: 5.23%

3127 Debra Boulevard

Panama City, FL

2 beds | 2 baths | 1,049 sq.ft.

$169,000

Airbnb cash on cash: 8.99%

Traditional cash on cash: 6.3%

Airbnb Rental Income: $2503

Traditional Rental Income: $1463

Airbnb ROI: 8.99%

Traditional ROI: 6.3%

1211 Capri Drive

Panama City, FL

3 beds | 3 baths | 1,572 sq.ft.

$354,000

Airbnb cash on cash: 4.58%

Traditional cash on cash: 4.82%

Airbnb Rental Income: $3019

Traditional Rental Income: $2408

Airbnb ROI: 4.58%

Traditional ROI: 4.82%

6216 N Lagoon Drive

Panama City, FL

3 beds | 3 baths | 1,825 sq.ft.

$374,900

Airbnb cash on cash: 4.03%

Traditional cash on cash: 3.97%

Airbnb Rental Income: $3019

Traditional Rental Income: $2307

Airbnb ROI: 4.03%

Traditional ROI: 3.97%

3728 Greentree Place

Panama City, FL

4 beds | 2 baths | 1,350 sq.ft.

$299,000

Airbnb cash on cash: 8.6%

Traditional cash on cash: 4.1%

Airbnb Rental Income: $3982

Traditional Rental Income: $1863

Airbnb ROI: 8.6%

Traditional ROI: 4.1%

5912 Callaway Circle

Panama City, FL

3 beds | 3 baths | 1,519 sq.ft.

$230,000

Airbnb cash on cash: 7.29%

Traditional cash on cash: 5.87%

Airbnb Rental Income: $3019

Traditional Rental Income: $2017

Airbnb ROI: 7.29%

Traditional ROI: 5.87%

5500 Beach Drive #6

Panama City, FL

2 beds | 1 baths | 696 sq.ft.

$229,000

Airbnb cash on cash: 5.8%

Traditional cash on cash: 4.61%

Airbnb Rental Income: $2503

Traditional Rental Income: $1639

Airbnb ROI: 5.8%

Traditional ROI: 4.61%

1011 W 11th Court

Panama City, FL

3 beds | 2 baths | 1,218 sq.ft.

$249,900

Airbnb cash on cash: 7.96%

Traditional cash on cash: 6.33%

Airbnb Rental Income: $3019

Traditional Rental Income: $1942

Airbnb ROI: 7.96%