3740 58th St N APT 110Saint PetersburgFL33710
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 3740 58th St N APT 110, Saint Petersburg, FL, 33710 in Saint Petersburg hard to pass up. The 15% gross yield on a $129,900 purchase results in $1,809/mo in rent and $849/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.10). Annual cash flow of $10,185, five-year appreciation of $35,889, and $1,196/yr in equity build-up combine for a projected total cumulative return of $110,468.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15% | 6.0% |
| Monthly Cash Flow | $849 | $1,800 |
City averages based on Saint Petersburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,809 |
| Total Monthly Debt Service | $810 |
| DSCR Ratio | 2.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33710, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,655 (100%) |
| Owner Occupied HU | 11,381 (72.7%) |
| Renter Occupied HU | 3,470 (22.2%) |
| Vacant Housing Units | 804 ( 5.1%) |
| Median Home Value | $408,945 |
| Average Home Value | $455,080 |
Housing Distribution
Address Breakdown
Residential
15,217
Single Family
12,899
Multi-Family
2,318
Businesses
1,071
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
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33710, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,655 (100%) |
| Owner Occupied HU | 11,381 (72.7%) |
| Renter Occupied HU | 3,470 (22.2%) |
| Vacant Housing Units | 804 ( 5.1%) |
| Median Home Value | $408,945 |
| Average Home Value | $455,080 |
Housing Distribution
Address Breakdown
Residential
15,217
Single Family
12,899
Multi-Family
2,318
Businesses
1,071
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Stellar MLS
Mls ID: #TB8459864