3315 58th Ave S APT 202Saint PetersburgFL33712
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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 Saint Petersburg at 3315 58th Ave S APT 202, Saint Petersburg, FL, 33712 uses $38,951 cash to close to unlock $1,696/yr annual cash flow and $141/mo monthly cash flow. Total monthly income runs $921/mo, and a $575/mo payment keeps the spread at $141/mo. Purchase price stands at $117,500, and rental yield measures 9.41% with $921/mo rent. Return on cash invested shows 24.26% in year one, and 5% annual appreciation builds toward $32,463 over five years. Five-year ROI reaches 126.87% and total cumulative return in cash records $49,418. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $921/mo property income covering a $575/mo payment rather than investor’s personal income.
Condo
Built in 1962
N/A lot
$N/A/sqft
No 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
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Listed by: Mindy Olander • OLANDER REAL ESTATE PLLC
Mls Name: Stellar MLS
Mls ID: #TB8452539