3721 Iris St NSaint PetersburgFL33704
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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 3721 Iris St N, Saint Petersburg, FL, 33704 uses $285,901 cash to close to unlock $3,510/yr annual cash flow and $292/mo monthly cash flow. Total monthly income runs $6,059/mo, and a $4,253/mo payment keeps the spread at $292/mo. Purchase price stands at $869,000, and rental yield measures 8.37% with $6,059/mo rent. Return on cash invested shows 21.29% in year one, and 5% annual appreciation builds toward $240,089 over five years. Five-year ROI reaches 110.8% and total cumulative return in cash records $316,775. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,059/mo property income covering a $4,253/mo payment rather than investor’s personal income.
Townhouse
Built in 2023
6,360 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33704, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,473 (100%) |
| Owner Occupied HU | 5,476 (64.6%) |
| Renter Occupied HU | 2,246 (26.5%) |
| Vacant Housing Units | 751 ( 8.9%) |
| Median Home Value | $703,033 |
| Average Home Value | $882,467 |
Housing Distribution
Address Breakdown
Residential
7,800
Single Family
6,785
Multi-Family
1,015
Businesses
387
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Listed by: Jaime Brown • TAMPA HOMESTYLES
Mls Name: Stellar MLS
Mls ID: #TB8421599