106 1st St E APT 115Tierra VerdeFL33715
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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 Tierra Verde at 106 1st St E APT 115, Tierra Verde, FL, 33715 offers a 9.94% rental yield on a $564,900 purchase with $4,678/mo rent. Total monthly income registers $4,678/mo, and a $2,765/mo payment leaves $58/mo available for distribution. Annual cash flow reaches $698/yr on $185,852 to close, and return on cash invested stands at 20.44% in year one. Equity gained on principal adds $3,645/yr while 5% annual appreciation supports $156,071 over five years. Portfolio math shows five-year ROI at 108.28% and total cumulative return in cash at $201,248. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,678/mo property income against a $2,765/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
6.83 Acres lot
$N/A/sqft
$871 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33715, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,887 (100%) |
| Owner Occupied HU | 3,992 (58.0%) |
| Renter Occupied HU | 437 ( 6.3%) |
| Vacant Housing Units | 2,458 (35.7%) |
| Median Home Value | $689,474 |
| Average Home Value | $881,423 |
Housing Distribution
Address Breakdown
Residential
6,265
Single Family
2,121
Multi-Family
4,144
Businesses
125
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Listed by: Stewart DeVore • RE/MAX ACTION FIRST OF FLORIDA
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8339131
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511