408 39th AveSaint Pete BeachFL33706
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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
Rental property for sale in Saint Pete Beach at 408 39th Ave, Saint Pete Beach, FL, 33706 generates $2,606/mo in rent, after a $2,100/mo payment. Total monthly income is $2,606/mo. Return on cash invested sits at 17.87% in year one, and rental yield is 7.29% on a $429,000 entry. Equity gained on principal adds $2,768/yr, while 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 92.51% and total cumulative return in cash sums $131,557. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,606/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
9,152 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33706, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,617 (100%) |
| Owner Occupied HU | 6,397 (47.0%) |
| Renter Occupied HU | 2,347 (17.2%) |
| Vacant Housing Units | 4,873 (35.8%) |
| Median Home Value | $718,412 |
| Average Home Value | $864,993 |
Housing Distribution
Address Breakdown
Residential
10,352
Single Family
6,045
Multi-Family
4,307
Businesses
619
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Listed by: Chris Forrey • LUXURY & BEACH REALTY INC
Mls Name: Stellar MLS
Mls ID: #TB8422009