4151 55th Way N APT 1058Kenneth CityFL33709
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 4151 55th Way N APT 1058, Kenneth City, FL, 33709 in Kenneth City speaks for itself: 15.9% gross on a $117,000 price, generating $1,550/mo in rent and $774/mo in net income after the $526/mo debt service. DSCR 2.95, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $9,283 stacks alongside $32,325 in projected five-year appreciation and $1,078/yr in principal reduction. Projected total cumulative return: $94,424.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.9% | 6.0% |
| Monthly Cash Flow | $774 | $1,500 |
City averages based on Kenneth City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,550 |
| Total Monthly Debt Service | $730 |
| DSCR Ratio | 2.12x |
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 1965
N/A lot
$N/A/sqft
No 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
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 1965
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathy Ruff • HOME SWEET HOME REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #TB8454418