16108 6th 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
Rental property for sale in Redington Beach at 16108 6th St E, Redington Beach, FL, 33708 generates $3,703/mo in rent, after a $5,384/mo payment. Total monthly income is $3,703/mo. Return on cash invested sits at 8.26% in year one, and rental yield is 4.04% on a $1,100,000 entry. Equity gained on principal adds $7,098/yr, while 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 40.88% and total cumulative return in cash sums $145,711. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,703/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
6,116 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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Listed by: Dayna Bates • 1 PALM REALTY
Mls Name: Stellar MLS
Mls ID: #TB8435076