1248 Melrose Ave SSaint PetersburgFL33705
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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 1248 Melrose Ave S, Saint Petersburg, FL, 33705 listed at $299,900 pairs $2,447/mo rent with a $1,468/mo payment to leave $457/mo cash flow. Total monthly income runs $2,447/mo, and annual cash flow reaches $5,480/yr on $99,417 cash to close. Return on cash invested measures 25.42% in year one, and rental yield registers 9.79% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 133% and total cumulative return in cash totals $132,220. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,447/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1957
5,889 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33705, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,777 (100%) |
| Owner Occupied HU | 6,533 (44.2%) |
| Renter Occupied HU | 6,370 (43.1%) |
| Vacant Housing Units | 1,874 (12.7%) |
| Median Home Value | $465,376 |
| Average Home Value | $543,923 |
Housing Distribution
Address Breakdown
Residential
14,118
Single Family
10,257
Multi-Family
3,861
Businesses
605
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Listed by: Scott Simon LLC • KELLER WILLIAMS ST PETE REALTY
Mls Name: Stellar MLS
Mls ID: #TB8403967