16104 2nd St ERedington 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 16104 2nd St E, Redington Beach, FL, 33708 uses $153,485 cash to close to unlock $15,997/yr annual cash flow and $1,333/mo monthly cash flow. Total monthly income runs $4,561/mo, and a $2,266/mo payment keeps the spread at $1,333/mo. Purchase price stands at $463,000, and rental yield measures 11.82% with $4,561/mo rent. Return on cash invested shows 30.33% in year one, and 5% annual appreciation builds toward $127,918 over five years. Five-year ROI reaches 159.79% and total cumulative return in cash records $245,251. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,561/mo property income covering a $2,266/mo payment rather than investor’s personal income.
Single Family
Built in 1946
6,011 sqft 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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