12033 Gandy Blvd N APT 145Saint PetersburgFL33702
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowHigh DSCR is a competitive advantage at closing. 12033 Gandy Blvd N APT 145, Saint Petersburg, FL, 33702 in Saint Petersburg achieves 2.27, rent of $4,294/mo covers the $1,889/mo payment 1.5x over at $420,000. Rental yield 11.85%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $116,038 over five years, with $3,868/yr in principal reduction bringing total projected return to $168,769.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.0% |
| Monthly Cash Flow | $(34) | $1,800 |
City averages based on Saint Petersburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,294 |
| Total Monthly Debt Service | $4,091 |
| DSCR Ratio | 1.05x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2004
2.90 Acres lot
$N/A/sqft
$1,233 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33702, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,664 (100%) |
| Owner Occupied HU | 8,981 (61.2%) |
| Renter Occupied HU | 4,329 (29.5%) |
| Vacant Housing Units | 1,354 ( 9.2%) |
| Median Home Value | $411,755 |
| Average Home Value | $465,872 |
Housing Distribution
Address Breakdown
Residential
15,540
Single Family
11,571
Multi-Family
3,969
Businesses
705
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2004
2.90 Acres lot
$N/A/sqft
$1,233 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33702, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,664 (100%) |
| Owner Occupied HU | 8,981 (61.2%) |
| Renter Occupied HU | 4,329 (29.5%) |
| Vacant Housing Units | 1,354 ( 9.2%) |
| Median Home Value | $411,755 |
| Average Home Value | $465,872 |
Housing Distribution
Address Breakdown
Residential
15,540
Single Family
11,571
Multi-Family
3,969
Businesses
705
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debi Watts • KELLER WILLIAMS ST PETE REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8346329
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