17580 Gulf Blvd APT 403Redington ShoresFL33708
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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 Shores at 17580 Gulf Blvd APT 403, Redington Shores, FL, 33708 generates $4,709/mo in rent and, after a $2,932/mo payment, leaves $734/mo in cash flow. Total monthly income is $4,709/mo, and annual cash flow is $8,805/yr on $197,071 invested. Return on cash invested sits at 24.53% in year one, and rental yield is 9.43% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 128.17% and total cumulative return in cash sums $252,586. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,709/mo property income rather than buyer’s personal income.
Condo
Built in 1972
2.39 Acres 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: James Henning • COMPASS FLORIDA LLC
Mls Name: Stellar MLS
Mls ID: #TB8459166