1316 Pasadena Ave S APT 104South PasadenaFL33707
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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 South Pasadena at 1316 Pasadena Ave S APT 104, South Pasadena, FL, 33707 offers a 11% rental yield on a $229,000 purchase with $2,100/mo rent. Total monthly income registers $2,100/mo, and a $1,121/mo payment leaves $580/mo available for distribution. Annual cash flow reaches $6,962/yr on $75,914 to close, and return on cash invested stands at 29.08% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Portfolio math shows five-year ROI at 152.67% and total cumulative return in cash at $115,901. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,100/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33707, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,791 (100%) |
| Owner Occupied HU | 9,258 (58.6%) |
| Renter Occupied HU | 4,057 (25.7%) |
| Vacant Housing Units | 2,476 (15.7%) |
| Median Home Value | $458,933 |
| Average Home Value | $604,684 |
Housing Distribution
Address Breakdown
Residential
14,754
Single Family
9,073
Multi-Family
5,681
Businesses
846
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Listed by: Tim Johnson • WATERFRONT REALTY TAMPABAY
Mls Name: Stellar MLS
Mls ID: #TB8458294