1324 Pasadena Ave S APT 402South 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 1324 Pasadena Ave S APT 402, South Pasadena, FL, 33707 uses $139,230 cash to close to unlock $5,214/yr annual cash flow and $435/mo monthly cash flow. Total monthly income runs $3,222/mo, and a $2,056/mo payment keeps the spread at $435/mo. Purchase price stands at $420,000, and rental yield measures 9.21% with $3,222/mo rent. Return on cash invested shows 23.65% in year one, and 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 123.51% and total cumulative return in cash records $171,967. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,222/mo property income covering a $2,056/mo payment rather than investor’s personal income.
Condo
Built in 1983
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: Monica Crawford • KELLER WILLIAMS ST PETE REALTY
Mls Name: Stellar MLS
Mls ID: #TB8425193