3834 Dr Martin Luther King Jr St SSaint PetersburgFL33705
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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 3834 Dr Martin Luther King Jr St S, Saint Petersburg, FL, 33705 uses $79,560 cash to close to unlock $7,454/yr annual cash flow and $621/mo monthly cash flow. Total monthly income runs $2,382/mo, and a $1,175/mo payment keeps the spread at $621/mo. Purchase price stands at $240,000, and rental yield measures 11.91% with $2,382/mo rent. Return on cash invested shows 29.28% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 154.63% and total cumulative return in cash records $123,026. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,382/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1949
6,316 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33705, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,777 (100%) |
| Owner Occupied HU | 6,533 (44.2%) |
| Renter Occupied HU | 6,370 (43.1%) |
| Vacant Housing Units | 1,874 (12.7%) |
| Median Home Value | $465,376 |
| Average Home Value | $543,923 |
Housing Distribution
Address Breakdown
Residential
14,118
Single Family
10,257
Multi-Family
3,861
Businesses
605
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