1893 Shore Dr S APT 203South 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 1893 Shore Dr S APT 203, South Pasadena, FL, 33707 offers a 8.3% rental yield on a $269,000 purchase with $1,861/mo rent. Total monthly income registers $1,861/mo, and a $1,317/mo payment leaves $75/mo available for distribution. Annual cash flow reaches $906/yr on $89,174 to close, and return on cash invested stands at 20.92% in year one. Equity gained on principal adds $1,736/yr while 5% annual appreciation supports $74,320 over five years. Portfolio math shows five-year ROI at 108.91% and total cumulative return in cash at $97,115. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,861/mo property income against a $1,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1967
1.52 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: Matthew Workman • SANDCASTLE REALTY INC
Mls Name: Stellar MLS
Mls ID: #TB8436432