15305 1st St E #201Madeira BeachFL33708
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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 Madeira Beach at 15305 1st St E #201, Madeira Beach, FL, 33708 uses $243,460 cash to close to unlock $17,474/yr annual cash flow and $1,456/mo monthly cash flow. Total monthly income runs $6,367/mo, and a $3,622/mo payment keeps the spread at $1,456/mo. Purchase price stands at $740,000, and rental yield measures 10.32% with $6,367/mo rent. Return on cash invested shows 27.24% in year one, and 5% annual appreciation builds toward $204,448 over five years. Five-year ROI reaches 142.71% and total cumulative return in cash records $347,434. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,367/mo property income covering a $3,622/mo payment rather than investor’s personal income.
Condo
Built in 2021
5.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33708, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,781 (100%) |
| Owner Occupied HU | 6,160 (48.2%) |
| Renter Occupied HU | 2,266 (17.7%) |
| Vacant Housing Units | 4,355 (34.1%) |
| Median Home Value | $575,753 |
| Average Home Value | $706,923 |
Housing Distribution
Address Breakdown
Residential
9,631
Single Family
6,102
Multi-Family
3,529
Businesses
528
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Listed by: Jessica Peterson • DREAMIFY REAL ESTATE LLC
Mls Name: Stellar MLS
Mls ID: #A4668106