15514 Redington DrRedington 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 Redington Beach at 15514 Redington Dr, Redington Beach, FL, 33708 listed at $775,000 pairs $6,719/mo rent with a $3,793/mo payment to leave $1,576/mo cash flow. Total monthly income runs $6,719/mo, and annual cash flow reaches $18,915/yr on $254,975 cash to close. Return on cash invested measures 27.48% in year one, and rental yield registers 10.4% at a $775,000 basis. Equity gained on principal adds $5,001/yr, and annual property appreciation at 5% supports $214,118 by year five. Five-year ROI tracks 144% and total cumulative return in cash totals $367,159. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,719/mo property income relative to a $3,793/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
0.36 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: Katie Leavitt, Gen • MAR-KEY PROPERTY SERVICES LLC
Mls Name: Stellar MLS
Mls ID: #TB8429718