380 8th Ave N APT 4, Tierra Verde, FL, 33715 | 4.57% Rental Yield

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380 8th Ave N APT 4, Tierra Verde, FL, 33715 | 4.57% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $3,420/mo, and a $4,400/mo payment. Purchase price stands at $899,000, and rental yield measures 4.57% with $3,420/mo rent. Return on cash invested shows 9.73% in year one, and 5% annual appreciation builds toward $248,377 over five years. Five-year ROI reaches 48.84% and total cumulative return in cash records $144,442. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,420/mo property income covering a $4,400/mo payment rather than investor’s personal income.

Condo

Built in 1984

0.62 Acres lot

$N/A/sqft

No HOA

More details about the property

Stunning CORNER WATERFRONT condo with PANORAMIC views of Pass-a-Grille Channel in the exclusive 9-unit Flamingo Bay Club, Tierra Verde. Living here is like being on a luxury cruise ship without ever leaving port where breathtaking sunsets and an abundance of marine life become part of your everyday experience. This exceptional condo has been completely renovated with impeccable attention to detail. The 2-bedroom, 2-bath residence features 180-degree water views, HURRICANE IMPACT WINDOWS, and elegant Spanish porcelain tile throughout. The open floor plan includes a spacious living room with a wood-burning fireplace, chefs kitchen with quartz countertops, custom wood cabinetry, stainless steel appliances, an induction cooktop, and custom LED lighting. The primary suite offers balcony access, a custom walk-in closet, and a spa-style ensuite with dual vanities and a walk-in rain shower. Enjoy breathtaking sunsets and views of Shell Key, Pass-a-Grille Beach, and the iconic Don CeSar Hotel from the EXPANSIVE 50 FT BALCONY! Additional highlights include an oversized 1-car garage, two extra parking spaces, a private dock with kayak lift, a tropically landscaped pool, and recent community upgrades such as a NEW SEAWALL and NEW DOCK. Experience the best of Tierra Verde waterfront living perfect as a full-time residence or coastal retreat.

Neighborhood Data

Neighborhood data shown for ZIP Code: 33715, Saint Petersburg, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,887 (100%)
Owner Occupied HU	3,992 (58.0%)
Renter Occupied HU	437 ( 6.3%)
Vacant Housing Units	2,458 (35.7%)
Median Home Value	$689,474
Average Home Value	$881,423