17960 Gulf Blvd APT 212Redington ShoresFL33708
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 17960 Gulf Blvd APT 212, Redington Shores, FL, 33708 in Redington Shores deserves attention. This $599,900 property earns $6,038/mo in rent, a 12.08% gross yield, and nets $509/mo after the $2,698/mo payment. DSCR 2.24 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $165,741 compounds alongside $5,525/yr in yearly equity build, for a total cumulative return of $268,068.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 6.2% |
| Monthly Cash Flow | $509 | $300 |
City averages based on Redington Shores market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,038 |
| Total Monthly Debt Service | $5,291 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1990
680 sqft lot
$N/A/sqft
$1,206 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 1990
680 sqft lot
$N/A/sqft
$1,206 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices