12924 Gulf Blvd #104Madeira BeachFL33708
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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 Madeira Beach at 12924 Gulf Blvd #104, Madeira Beach, FL, 33708 listed at $700,000 pairs $2,832/mo rent with a $3,426/mo payment. Total monthly income runs $2,832/mo. Return on cash invested measures 10.61% in year one, and rental yield registers 4.85% at a $700,000 basis. Equity gained on principal adds $4,517/yr, and annual property appreciation at 5% supports $193,397 by year five. Five-year ROI tracks 53.55% and total cumulative return in cash totals $123,316. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,832/mo property income relative to a $3,426/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1979
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33708, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,631
Single Family
6,102
Multi-Family
3,529
Businesses
528
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Listed by: Judson Kidd, Jr • SOUTHERN ROOTS REALTY, LLC
Mls Name: Stellar MLS
Mls ID: #TB8431193