1950 59th Ave N APT 110Saint PetersburgFL33714
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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 Saint Petersburg at 1950 59th Ave N APT 110, Saint Petersburg, FL, 33714 uses $66,300 cash to close to unlock $23,948/yr annual cash flow and $1,996/mo monthly cash flow. Total monthly income runs $3,323/mo, and a $979/mo payment keeps the spread at $1,996/mo. Purchase price stands at $200,000, and rental yield measures 19.94% with $3,323/mo rent. Return on cash invested shows 56.03% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 297.13% and total cumulative return in cash records $197,000. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,323/mo property income covering a $979/mo payment rather than investor’s personal income.
Condo
Built in 2005
1.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33714, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,841 (100%) |
| Owner Occupied HU | 5,967 (55.0%) |
| Renter Occupied HU | 3,800 (35.1%) |
| Vacant Housing Units | 1,074 ( 9.9%) |
| Median Home Value | $202,961 |
| Average Home Value | $266,179 |
Housing Distribution
Address Breakdown
Residential
9,349
Single Family
7,974
Multi-Family
1,375
Businesses
539
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Listed by: Gloria Pion • CHARLES RUTENBERG REALTY INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8342901