11525 8th Way N APT 509Saint 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 11525 8th Way N APT 509, Saint Petersburg, FL, 33716 offers a 9.09% rental yield on a $134,700 purchase with $1,020/mo rent. Total monthly income registers $1,020/mo, and a $659/mo payment leaves $126/mo available for distribution. Annual cash flow reaches $1,517/yr on $44,653 to close, and return on cash invested stands at 23.31% in year one. Equity gained on principal adds $869/yr while 5% annual appreciation supports $37,215 over five years. Portfolio math shows five-year ROI at 121.72% and total cumulative return in cash at $54,350. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,020/mo property income against a $659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
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: Rick Markussen, PA • DALTON WADE INC
Mls Name: Stellar MLS
Mls ID: #TB8461680