1560 Connecticut Ave NESaint PetersburgFL33703
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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 1560 Connecticut Ave NE, Saint Petersburg, FL, 33703 offers a 9.64% rental yield on a $199,000 purchase with $1,599/mo rent. Total monthly income registers $1,599/mo, and a $974/mo payment leaves $278/mo available for distribution. Annual cash flow reaches $3,341/yr on $65,969 to close, and return on cash invested stands at 24.97% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 130.63% and total cumulative return in cash at $86,178. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,599/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
7,383 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33703, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,143 (100%) |
| Owner Occupied HU | 8,870 (73.0%) |
| Renter Occupied HU | 2,283 (18.8%) |
| Vacant Housing Units | 990 ( 8.2%) |
| Median Home Value | $557,929 |
| Average Home Value | $656,191 |
Housing Distribution
Address Breakdown
Residential
11,300
Single Family
9,784
Multi-Family
1,516
Businesses
259
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Listed by: Greg Bozek • LPT REALTY, LLC
Mls Name: Stellar MLS
Mls ID: #TB8453440