1847 Shore Dr S APT 117South PasadenaFL33707
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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 South Pasadena at 1847 Shore Dr S APT 117, South Pasadena, FL, 33707 uses $90,831 cash to close to unlock $981/yr annual cash flow and $82/mo monthly cash flow. Total monthly income runs $1,900/mo, and a $1,341/mo payment keeps the spread at $82/mo. Purchase price stands at $274,000, and rental yield measures 8.32% with $1,900/mo rent. Return on cash invested shows 20.99% in year one, and 5% annual appreciation builds toward $75,701 over five years. Five-year ROI reaches 109.21% and total cumulative return in cash records $99,201. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,900/mo property income covering a $1,341/mo payment rather than investor’s personal income.
Condo
Built in 1969
3.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33707, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,791 (100%) |
| Owner Occupied HU | 9,258 (58.6%) |
| Renter Occupied HU | 4,057 (25.7%) |
| Vacant Housing Units | 2,476 (15.7%) |
| Median Home Value | $458,933 |
| Average Home Value | $604,684 |
Housing Distribution
Address Breakdown
Residential
14,754
Single Family
9,073
Multi-Family
5,681
Businesses
846
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Listed by: Jennifer Kowalski • REALTY EXPERTS
Mls Name: Stellar MLS
Mls ID: #TB8448779