11405 3rd St N UNIT 2Saint PetersburgFL33716
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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 Saint Petersburg at 11405 3rd St N UNIT 2, Saint Petersburg, FL, 33716 generates $994/mo in rent, after a $627/mo payment. Total monthly income is $994/mo. Return on cash invested sits at 7.86% in year one, and rental yield is 9.32% on a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation builds toward $35,364 over five years. Five-year ROI reaches 44.82% and total cumulative return in cash sums $19,019. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $994/mo property income rather than buyer’s personal income.
Condo
Built in 1974
23.00 Acres lot
$N/A/sqft
$489 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33716, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,631 (100%) |
| Owner Occupied HU | 1,970 (15.6%) |
| Renter Occupied HU | 9,502 (75.2%) |
| Vacant Housing Units | 1,159 ( 9.2%) |
| Median Home Value | $149,441 |
| Average Home Value | $266,786 |
Housing Distribution
Address Breakdown
Residential
10,520
Single Family
1,960
Multi-Family
8,560
Businesses
513
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Listed by: Peter Chicouris • WEICHERT REALTORS EXCLUSIVE PROPERTIES
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8375870
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