350 79th Ave N APT 104Saint PetersburgFL33702
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
Investment property for sale in Saint Petersburg at 350 79th Ave N APT 104, Saint Petersburg, FL, 33702 uses $56,024 cash to close to unlock $2,816/yr annual cash flow and $235/mo monthly cash flow. Total monthly income runs $1,356/mo, and a $827/mo payment keeps the spread at $235/mo. Purchase price stands at $169,000, and rental yield measures 9.63% with $1,356/mo rent. Return on cash invested shows 24.94% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 130.39% and total cumulative return in cash records $73,051. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,356/mo property income covering a $827/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33702, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,664 (100%) |
| Owner Occupied HU | 8,981 (61.2%) |
| Renter Occupied HU | 4,329 (29.5%) |
| Vacant Housing Units | 1,354 ( 9.2%) |
| Median Home Value | $411,755 |
| Average Home Value | $465,872 |
Housing Distribution
Address Breakdown
Residential
15,540
Single Family
11,571
Multi-Family
3,969
Businesses
705
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kyle Launius • TRIDENT REAL ESTATE ADVISORS
Mls Name: Stellar MLS
Mls ID: #TB8408299