3247 38th Way S APT CSaint PetersburgFL33711
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 Petersburg at 3247 38th Way S APT C, Saint Petersburg, FL, 33711 generates $1,529/mo in rent and, after a $1,121/mo payment, leaves $9/mo in cash flow. Total monthly income is $1,529/mo, and annual cash flow is $110/yr on $75,914 invested. Return on cash invested sits at 20.05% in year one, and rental yield is 8.01% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 104.27% and total cumulative return in cash sums $79,157. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,529/mo property income rather than buyer’s personal income.
Townhouse
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33711, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,785 (100%) |
| Owner Occupied HU | 4,897 (50.0%) |
| Renter Occupied HU | 3,692 (37.7%) |
| Vacant Housing Units | 1,196 (12.2%) |
| Median Home Value | $399,107 |
| Average Home Value | $486,386 |
Housing Distribution
Address Breakdown
Residential
8,882
Single Family
6,634
Multi-Family
2,248
Businesses
426
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debbie Zito • COMPASS FLORIDA LLC
Mls Name: Stellar MLS
Mls ID: #TB8459156