200 1st Ave APT 104Saint Pete BeachFL33706
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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 Pete Beach at 200 1st Ave APT 104, Saint Pete Beach, FL, 33706 uses $180,950 cash to close to unlock $1,117/yr annual cash flow and $93/mo monthly cash flow. Total monthly income runs $3,743/mo, and a $2,692/mo payment keeps the spread at $93/mo. Purchase price stands at $550,000, and rental yield measures 8.17% with $3,743/mo rent. Return on cash invested shows 20.68% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 107.54% and total cumulative return in cash records $194,602. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,743/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33706, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,617 (100%) |
| Owner Occupied HU | 6,397 (47.0%) |
| Renter Occupied HU | 2,347 (17.2%) |
| Vacant Housing Units | 4,873 (35.8%) |
| Median Home Value | $718,412 |
| Average Home Value | $864,993 |
Housing Distribution
Address Breakdown
Residential
10,352
Single Family
6,045
Multi-Family
4,307
Businesses
619
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Listed by: Susan Schneider • COASTAL PROPERTIES GROUP
Mls Name: Stellar MLS
Mls ID: #TB8463230