16 Paradise Ln #101Treasure IslandFL33706
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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 Treasure Island at 16 Paradise Ln #101, Treasure Island, FL, 33706 earns $231/mo cash flow from $2,719/mo rent with a $1,835/mo payment. Total monthly income totals $2,719/mo, and annual cash flow totals $2,770/yr on $124,313 capital. ROI tracks 22.14% on current figures, and rental yield reads 8.7% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 115.38% and total cumulative return in cash sums $143,427. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,719/mo property income instead of your personal income.
Condo
Built in 1972
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33706, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,617 (100%) |
| Owner Occupied HU | 6,397 (47.0%) |
| Renter Occupied HU | 2,347 (17.2%) |
| Vacant Housing Units | 4,873 (35.8%) |
| Median Home Value | $718,412 |
| Average Home Value | $864,993 |
Housing Distribution
Address Breakdown
Residential
10,352
Single Family
6,045
Multi-Family
4,307
Businesses
619
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Listed by: Melissa Stamos • COASTAL PROPERTIES GROUP INTERNATIONAL
Mls Name: Stellar MLS
Mls ID: #TB8452848