301 87th Ave APT 204Saint Pete BeachFL33706
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
Investment Highlights
Rental property for sale in Saint Pete Beach at 301 87th Ave APT 204, Saint Pete Beach, FL, 33706 generates $3,722/mo in rent and, after a $1,713/mo payment, leaves $720/mo in cash flow. Total monthly income is $3,722/mo, and annual cash flow is $8,645/yr on $116,025 invested. Return on cash invested sits at 27.36% in year one, and rental yield is 12.76% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 145.95% and total cumulative return in cash sums $169,334. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,722/mo property income rather than buyer’s personal income.
Condo
Built in 1977
0.81 Acres lot
$N/A/sqft
$679 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Morgan Ellis • A BETTER LIFE REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8311520
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