1020 85th Ave N APT 222Saint PetersburgFL33702
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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
Investment Highlights
Investment property for sale in Saint Petersburg at 1020 85th Ave N APT 222, Saint Petersburg, FL, 33702 uses $54,664 cash to close to unlock $2,698/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $1,319/mo, and a $807/mo payment keeps the spread at $225/mo. Purchase price stands at $164,900, and rental yield measures 9.6% with $1,319/mo rent. Return on cash invested shows 24.84% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 129.9% and total cumulative return in cash records $71,008. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,319/mo property income covering a $807/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33702, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,664 (100%) |
| Owner Occupied HU | 8,981 (61.2%) |
| Renter Occupied HU | 4,329 (29.5%) |
| Vacant Housing Units | 1,354 ( 9.2%) |
| Median Home Value | $411,755 |
| Average Home Value | $465,872 |
Housing Distribution
Address Breakdown
Residential
15,540
Single Family
11,571
Multi-Family
3,969
Businesses
705
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Listed by: Donna Marie Bartoli • CENTURY 21 RE CHAMPIONS
Mls Name: Stellar MLS
Mls ID: #TB8457712