16304 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 16304 3rd St E, Redington Beach, FL, 33708 earns from $2,417/mo rent with a $1,958/mo payment. Total monthly income totals $2,417/mo. ROI tracks 17.76% on current figures, and rental yield reads 7.25% at a $400,000 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 over five years. Five-year ROI reaches 91.92% and total cumulative return in cash sums $121,888. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,417/mo property income instead of your personal income.
Single Family
Built in 1954
7,214 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: Elle Schwandt, LLC • THE AMBROSIO GROUP
Mls Name: Stellar MLS
Mls ID: #TB8452412