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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Redington Shores at 128 178th Ave W, Redington Shores, FL, 33708 generates $8,270/mo in rent and, after a $5,776/mo payment, leaves $439/mo in cash flow. Total monthly income is $8,270/mo, and annual cash flow is $5,266/yr on $382,320 invested. Return on cash invested sits at 21.75% in year one, and rental yield is 8.41% on a $1,180,000 entry. Equity gained on principal adds $7,614/yr, while 5% annual appreciation builds toward $326,012 over five years. Five-year ROI reaches 113.2% and total cumulative return in cash sums $432,776. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,270/mo property income rather than buyer’s personal income.
Multi Family
Built in 1949
4,469 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 33708, Saint Petersburg, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,781 (100%) |
| Owner Occupied HU | 6,160 (48.2%) |
| Renter Occupied HU | 2,266 (17.7%) |
| Vacant Housing Units | 4,355 (34.1%) |
| Median Home Value | $575,753 |
| Average Home Value | $706,923 |
Residential
9,631
Single Family
6,102
Multi-Family
3,529
Businesses
528
Date | Event | Price |
|---|---|---|
| 2024-08-08 | Price change | $1,180,000 |
| 2024-08-07 | Listed for sale | $1,050,000 |
| 2018-05-25 | Listing removed | $625,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $2336.16 | -2.64% | $205,066 | 3.00% |
| 2022-08-30 | $2399.60 | -1.77% | $199,093 | 3.00% |
| 2021-08-30 | $2442.81 | 0.13% | $193,294 | 1.40% |
No similar rental properties found nearby.
No similar price properties found nearby.
Listed by: Alex Grandjacquet • ENGEL & VOLKERS ST. PETE
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #U8254973
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
