1951 Lakewood Club Dr S APT BSt PetersburgFL33712
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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 St Petersburg at 1951 Lakewood Club Dr S APT B, St Petersburg, FL, 33712 offers $2,966/mo rent that, after a $1,713/mo payment, leaves $103/mo cash flow. Total monthly income is $2,966/mo, and annual cash flow is $1,231/yr on $115,992 cash. Return on cash invested measures 20.97% in year one, and rental yield stands at 10.17% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 111.16% and total cumulative return in cash reaches $128,934. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,966/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1976
N/A lot
$N/A/sqft
$541 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33712, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,543 (100%) |
| Owner Occupied HU | 5,785 (46.1%) |
| Renter Occupied HU | 5,828 (46.5%) |
| Vacant Housing Units | 930 ( 7.4%) |
| Median Home Value | $384,910 |
| Average Home Value | $457,502 |
Housing Distribution
Address Breakdown
Residential
12,048
Single Family
9,657
Multi-Family
2,391
Businesses
658
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Listed by: Lee Young-Taylor • KELLER WILLIAMS ST PETE REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8312723
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511