3630 38th Ave S APT 79Saint PetersburgFL33711
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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 3630 38th Ave S APT 79, Saint Petersburg, FL, 33711 offers a 8.39% rental yield on a $215,900 purchase with $1,510/mo rent. Total monthly income registers $1,510/mo, and a $1,057/mo payment leaves $77/mo available for distribution. Annual cash flow reaches $924/yr on $71,571 to close, and return on cash invested stands at 21.2% in year one. Equity gained on principal adds $1,393/yr while 5% annual appreciation supports $59,649 over five years. Portfolio math shows five-year ROI at 110.35% and total cumulative return in cash at $78,980. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,510/mo property income against a $1,057/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
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
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Listed by: Gary Gray • MAINLANDS-LAKES REALTY INC
Mls Name: Stellar MLS
Mls ID: #TB8408457