1515 Pinellas Bayway S APT B23Saint PetersburgFL33715
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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 1515 Pinellas Bayway S APT B23, Saint Petersburg, FL, 33715 listed at $376,500 pairs $2,855/mo rent with a $1,843/mo payment to leave $356/mo cash flow. Total monthly income runs $2,855/mo, and annual cash flow reaches $4,275/yr on $124,810 cash to close. Return on cash invested measures 23.33% in year one, and rental yield registers 9.1% at a $376,500 basis. Equity gained on principal adds $2,429/yr, and annual property appreciation at 5% supports $104,020 by year five. Five-year ROI tracks 121.81% and total cumulative return in cash totals $152,034. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,855/mo property income relative to a $1,843/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1990
4.85 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: Kathy Hamilton • CHARLES RUTENBERG REALTY INC
Mls Name: Stellar MLS
Mls ID: #U8238510