11505 7th Way N APT 2307Saint 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
Investment property for sale in Saint Petersburg at 11505 7th Way N APT 2307, Saint Petersburg, FL, 33716 earns $144/mo cash flow from $940/mo rent with a $587/mo payment. Total monthly income totals $940/mo, and annual cash flow totals $1,728/yr on $39,780 capital. ROI tracks 24.25% on current figures, and rental yield reads 9.4% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 126.71% and total cumulative return in cash sums $50,407. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $940/mo property income instead of your personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No 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: Meagan Somers • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #TB8426684