318 182nd 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
Investment property for sale in Redington Shores at 318 182nd Ave E, Redington Shores, FL, 33708 offers a 11.78% rental yield on a $550,000 purchase with $5,400/mo rent. Total monthly income registers $5,400/mo, and a $2,692/mo payment leaves $1,750/mo available for distribution. Annual cash flow reaches $21,001/yr on $180,950 to close, and return on cash invested stands at 31.67% in year one. Equity gained on principal adds $3,549/yr while 5% annual appreciation supports $151,955 over five years. Portfolio math shows five-year ROI at 166.47% and total cumulative return in cash at $301,234. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,400/mo property income against a $2,692/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
3,032 sqft lot
$N/A/sqft
No HOA
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
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Listed by: Ali Bearnarth • SMITH & ASSOCIATES REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #TB8457723