4020 55th St N APT 1106Kenneth CityFL33709
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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 Kenneth City at 4020 55th St N APT 1106, Kenneth City, FL, 33709 uses $39,780 cash to close to unlock $10,428/yr annual cash flow and $869/mo monthly cash flow. Total monthly income runs $2,165/mo, and a $587/mo payment keeps the spread at $869/mo. Purchase price stands at $120,000, and rental yield measures 21.65% with $2,165/mo rent. Return on cash invested shows 46.12% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 249.43% and total cumulative return in cash records $99,223. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,165/mo property income covering a $587/mo payment rather than investor’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33709, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,719 (100%) |
| Owner Occupied HU | 9,528 (64.7%) |
| Renter Occupied HU | 3,231 (22.0%) |
| Vacant Housing Units | 1,960 (13.3%) |
| Median Home Value | $280,859 |
| Average Home Value | $309,147 |
Housing Distribution
Address Breakdown
Residential
13,630
Single Family
10,773
Multi-Family
2,857
Businesses
700
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Listed by: Steve Densa • KELLER WILLIAMS ST PETE REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8392431
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511