213 Seahorse Dr SE #CSaint PetersburgFL33705
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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 Saint Petersburg at 213 Seahorse Dr SE #C, Saint Petersburg, FL, 33705 priced at $325,000 converts $3,020/mo rent into $863/mo cash flow after a $1,591/mo obligation. Total monthly income equals $3,020/mo, and annual cash flow totals $10,356/yr on $107,738 invested. Return on cash invested prints 29.52% in year one, and rental yield reads 11.15% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 154.97% and total cumulative return in cash sums $166,957. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,020/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33705, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,777 (100%) |
| Owner Occupied HU | 6,533 (44.2%) |
| Renter Occupied HU | 6,370 (43.1%) |
| Vacant Housing Units | 1,874 (12.7%) |
| Median Home Value | $465,376 |
| Average Home Value | $543,923 |
Housing Distribution
Address Breakdown
Residential
14,118
Single Family
10,257
Multi-Family
3,861
Businesses
605
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Listed by: Robin Guy-Danner • YOUR NEIGHBORHOOD REALTY ASSOC
Mls Name: Stellar MLS
Mls ID: #TB8416536