1515 Pinellas Bayway S #18Tierra VerdeFL33715
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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 Tierra Verde at 1515 Pinellas Bayway S #18, Tierra Verde, FL, 33715 uses $107,738 cash to close to unlock $6,720/yr annual cash flow and $560/mo monthly cash flow. Total monthly income runs $2,717/mo, and a $1,591/mo payment keeps the spread at $560/mo. Purchase price stands at $325,000, and rental yield measures 10.03% with $2,717/mo rent. Return on cash invested shows 26.15% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 136.87% and total cumulative return in cash records $147,457. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,717/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Condo
Built in 1990
4.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33715, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,887 (100%) |
| Owner Occupied HU | 3,992 (58.0%) |
| Renter Occupied HU | 437 ( 6.3%) |
| Vacant Housing Units | 2,458 (35.7%) |
| Median Home Value | $689,474 |
| Average Home Value | $881,423 |
Housing Distribution
Address Breakdown
Residential
6,265
Single Family
2,121
Multi-Family
4,144
Businesses
125
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Listed by: Steven Moran • KELLER WILLIAMS SUBURBAN TAMPA
Mls Name: Stellar MLS
Mls ID: #TB8458521