1036 N Shore Dr NE UNIT 1St PetersburgFL33701
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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
Rental property for sale in St Petersburg at 1036 N Shore Dr NE UNIT 1, St Petersburg, FL, 33701 generates $3,470/mo in rent and, after a $2,203/mo payment, leaves $483/mo in cash flow. Total monthly income is $3,470/mo, and annual cash flow is $5,799/yr on $149,175 invested. Return on cash invested sits at 23.8% in year one, and rental yield is 9.25% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 124.29% and total cumulative return in cash sums $185,406. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,470/mo property income rather than buyer’s personal income.
Condo
Built in 1959
2.67 Acres lot
$N/A/sqft
No 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
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Listed by: Randall Ierna • CENTURY 21 COASTAL ALLIANCE
Mls Name: Stellar MLS
Mls ID: #TB8463460