3001 58th Ave S APT 1112Saint PetersburgFL33712
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.59 makes 3001 58th Ave S APT 1112, Saint Petersburg, FL, 33712 in Saint Petersburg one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 8.6%. The 8.6% yield, 5% annual appreciation ($68,794 over five years), and $2,293/yr in principal reduction project a total cumulative return of $70,017.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.0% |
| Monthly Cash Flow | $(424) | $1,800 |
City averages based on Saint Petersburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,785 |
| Total Monthly Debt Service | $2,110 |
| DSCR Ratio | 0.85x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1990
18.61 Acres lot
$N/A/sqft
$509 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1990
18.61 Acres lot
$N/A/sqft
$509 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ruth Primeau, P.A • CHARLES RUTENBERG REALTY INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #T3534747
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