1 Beach Dr SE UNIT 1010Saint PetersburgFL33701
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 1 Beach Dr SE UNIT 1010, Saint Petersburg, FL, 33701 in Saint Petersburg earns a 11.08% gross yield at $985,000. Rent of $9,098/mo nets $270/mo after the $4,429/mo mortgage. The 2.05 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $272,137 and $9,072/yr in equity accumulation project a total cumulative return of $402,732.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.0% |
| Monthly Cash Flow | $270 | $1,800 |
City averages based on Saint Petersburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $9,098 |
| Total Monthly Debt Service | $8,437 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1975
0.59 Acres lot
$N/A/sqft
$2,234 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33701, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,857 (100%) |
| Owner Occupied HU | 4,780 (32.2%) |
| Renter Occupied HU | 7,946 (53.5%) |
| Vacant Housing Units | 2,131 (14.3%) |
| Median Home Value | $680,200 |
| Average Home Value | $846,003 |
Housing Distribution
Address Breakdown
Residential
13,067
Single Family
4,473
Multi-Family
8,594
Businesses
1,397
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 1975
0.59 Acres lot
$N/A/sqft
$2,234 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33701, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,857 (100%) |
| Owner Occupied HU | 4,780 (32.2%) |
| Renter Occupied HU | 7,946 (53.5%) |
| Vacant Housing Units | 2,131 (14.3%) |
| Median Home Value | $680,200 |
| Average Home Value | $846,003 |
Housing Distribution
Address Breakdown
Residential
13,067
Single Family
4,473
Multi-Family
8,594
Businesses
1,397
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices