1400 Gandy Blvd N UNIT 1509Saint PetersburgFL33702
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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 1400 Gandy Blvd N UNIT 1509, Saint Petersburg, FL, 33702 uses $56,024 cash to close to unlock $2,480/yr annual cash flow and $207/mo monthly cash flow. Total monthly income runs $1,328/mo, and a $827/mo payment keeps the spread at $207/mo. Purchase price stands at $169,000, and rental yield measures 9.43% with $1,328/mo rent. Return on cash invested shows 24.34% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 127.18% and total cumulative return in cash records $71,251. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,328/mo property income covering a $827/mo payment rather than investor’s personal income.
Condo
Built in 1986
890 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33702, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,664 (100%) |
| Owner Occupied HU | 8,981 (61.2%) |
| Renter Occupied HU | 4,329 (29.5%) |
| Vacant Housing Units | 1,354 ( 9.2%) |
| Median Home Value | $411,755 |
| Average Home Value | $465,872 |
Housing Distribution
Address Breakdown
Residential
15,540
Single Family
11,571
Multi-Family
3,969
Businesses
705
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Listed by: John Keller, III • JACK KELLER INC
Mls Name: Stellar MLS
Mls ID: #TB8425713