242 176th Ave ERedington ShoresFL33708








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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 Redington Shores at 242 176th Ave E, Redington Shores, FL, 33708 generates $5,048/mo in rent, after a $3,524/mo payment. Total monthly income is $5,048/mo. Return on cash invested sits at 19.94% in year one, and rental yield is 8.41% on a $719,900 entry. Equity gained on principal adds $4,645/yr, while 5% annual appreciation builds toward $198,895 over five years. Five-year ROI reaches 104.12% and total cumulative return in cash sums $246,611. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,048/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
6,255 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 33708, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,781 (100%) |
| Owner Occupied HU | 6,160 (48.2%) |
| Renter Occupied HU | 2,266 (17.7%) |
| Vacant Housing Units | 4,355 (34.1%) |
| Median Home Value | $575,753 |
| Average Home Value | $706,923 |
Housing Distribution
Address Breakdown
Residential
9,631
Single Family
6,102
Multi-Family
3,529
Businesses
528
Price History
Date | Event | Price |
|---|---|---|
| 2025-08-18 | Listed for sale | $719,900 |
| 2024-07-11 | Listing removed | $749,900 |
| 2024-04-09 | Price change | $749,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-18 | $9927.44 | 123.53% | $672,924 | 98.12% |
| 2023-08-18 | $4441.23 | 2.70% | $339,651 | 3.00% |
| 2022-08-18 | $4324.49 | -2.06% | $329,758 | 3.00% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1971
- Architectural Style: Florida,Ranch
- Building Area: 2,314
- Living Area: 1,624 sqft
- Property Condition: Completed
Features & Amenities
- Heating: Electric, Heat Pump, Solar
- Cooling: Central Air, Ductless
- Flooring: Ceramic Tile, Porcelain Tile
- Interior Features: Ceiling Fan(s), Solid Wood Cabinets
- Exterior Features: Lighting, Storage
- Parking Features: Boat, Driveway, Garage Door Opener, Ground Level
Location
- City: Redington Shores
- State: FL
- Subdivision: SPITZERS BLK 6 REP OF 5TH ADD TO HARBOR SHORES
- Lot Size: 6,255 sqft
- Lot Features: Flood Insurance Required, FloodZone, City Lot, Near Golf Course, Near Marina, Near Public Transit
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Sprinkler Meter, Sprinkler Recycled, Water Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Paved, Asphalt
School Information
- Elementary School: Bauder Elementary-PN
- Middle School: Seminole Middle-PN
- High School: Seminole High-PN
Listed by: Bree Bowen • KELLER WILLIAMS REALTY- PALM H
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8415503
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








