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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in North Redington Beach at 16600 Gulf Blvd APT 437, North Redington Beach, FL, 33708 offers a 7.55% rental yield on a $1,250,000 purchase with $7,861/mo rent. 37% in year one. Equity gained on principal adds $8,066/yr while 5% annual appreciation supports $345,352 over five years. Portfolio math shows five-year ROI at 70.35% and total cumulative return in cash at $284,929. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,861/mo property income against a $6,118/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1998
10,881 sqft lot
$N/A/sqft
$1,450 monthly HOA
Neighborhood data shown for ZIP Code: 33708, Saint Petersburg, FL area.
| 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 |
Residential
9,631
Single Family
6,102
Multi-Family
3,529
Businesses
528
Date | Event | Price |
|---|---|---|
| 2025-06-17 | Listed for sale | $1,250,000 |
| 2025-01-22 | Sold | $1,150,000 |
| 2025-01-01 | Pending sale | $1,295,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-17 | $16862.77 | 12.17% | $1,038,076 | 10.00% |
| 2023-06-17 | $15032.74 | 13.57% | $943,705 | 10.00% |
| 2022-06-17 | $13236.65 | 10.45% | $857,914 | 10.00% |
No similar rental properties found nearby.
Listed by: Michael Lynch • PREMIER SOTHEBY'S INTL REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8397712
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511
