1515 Pinellas Bayway S APT B28, Saint Petersburg, FL, 33715 | $142/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1515 Pinellas Bayway S APT B28, Saint Petersburg, FL, 33715 | $142/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
830 sft

1515 Pinellas Bayway S #70, Tierra Verde, FL, 33715

2 Bed
2 Bath
830 sft

1515 Pinellas Bayway S #35, Tierra Verde, FL, 33715

2 Bed
2 Bath
1236 sft

264 Gladiolus St, Anna Maria, FL, 34216

4 Bed
3 Bath
1793 sft

310 Magnolia Ave, Anna Maria, FL, 34216

Nearby investment properties with comparable prices

2 Bed
2 Bath
830 sft

1515 Pinellas Bayway S #35, Tierra Verde, FL, 33715

2 Bed
2 Bath
822 sft

522 Pine Ave APT 6A, Anna Maria, FL, 34216

2 Bed
2 Bath
830 sft

1515 Pinellas Bayway S #65, Tierra Verde, FL, 33715

2 Bed
1 Bath
822 sft

522 Pine Ave APT 1A, Anna Maria, FL, 34216

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Saint Petersburg at 1515 Pinellas Bayway S APT B28, Saint Petersburg, FL, 33715 listed at $494,000 pairs $3,420/mo rent with a $2,418/mo payment to leave $142/mo cash flow. Total monthly income runs $3,420/mo, and annual cash flow reaches $1,699/yr on $163,761 cash to close. Return on cash invested measures 20.95% in year one, and rental yield registers 8.31% at a $494,000 basis. Equity gained on principal adds $3,188/yr, and annual property appreciation at 5% supports $136,483 by year five. Five-year ROI tracks 109.01% and total cumulative return in cash totals $178,508. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,420/mo property income relative to a $2,418/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1990

N/A lot

$N/A/sqft

No HOA

More details about the property

TURN KEY Waterfront Seasonal Rental-Immaculate Renovation with strong rental history. This 2nd floor End Unit offers 2 bedroom, 2 Bath with a covered balcony overlooking the pool. This Beautifully maintained complex is one of the few communities that legally allows Short Term (3 day minimum) Rentals!! Renovations Include: New Kitchen, Appliances, vanities, flooring, paint, blinds, Fully Furnished and Turn Key to use Full time, as a Weekend get-a-way OR a Short Term Rental. Community amenities include heated pool, spa, tennis and pickleball courts, waterfront pier with BBQ grill & picnic tables and a Boat dock with water and electric (wait list may apply). The Clubhouse located in the center of the lot includes a meeting space, kitchen, large screen TV, pool table,fitness room, free Wi-Fi, laundry room and bike storage. Located just minutes to Ft Desoto Park, Bike Paths, Kayaking and the Beaches. Tierra Verde is only 10 minutes to to interstate and 15 minutes to Downtown St Pete. Hurry...this one has it ALL!!!

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