16214 3rd 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 16214 3rd St E, Redington Beach, FL, 33708 offers a 12% rental yield on a $459,000 purchase with $4,590/mo rent. Total monthly income registers $4,590/mo, and a $2,247/mo payment leaves $1,544/mo available for distribution. Annual cash flow reaches $18,523/yr on $152,159 to close, and return on cash invested stands at 32.08% in year one. Equity gained on principal adds $2,962/yr while 5% annual appreciation supports $126,813 over five years. Portfolio math shows five-year ROI at 168.72% and total cumulative return in cash at $256,715. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,590/mo property income against a $2,247/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
5,998 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: John Scalia • EXP REALTY LLC
Mls Name: Stellar MLS
Mls ID: #TB8431773