420 64th Ave APT 201, Saint Pete Beach, FL, 33706 | $784/mo Cash Flow

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420 64th Ave APT 201, Saint Pete Beach, FL, 33706 | $784/mo Cash Flow | 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

Investment property for sale in Saint Pete Beach at 420 64th Ave APT 201, Saint Pete Beach, FL, 33706 earns $784/mo cash flow from $2,510/mo rent with a $1,273/mo payment. Total monthly income totals $2,510/mo, and annual cash flow totals $9,410/yr on $86,190 capital. ROI tracks 30.83% on current figures, and rental yield reads 11.58% at a $260,000 purchase. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 over five years. Five-year ROI reaches 162.03% and total cumulative return in cash sums $139,649. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,510/mo property income instead of your personal income.

Condo

Built in 1974

N/A lot

$N/A/sqft

No HOA

More details about the property

Bright, modern, and full of charm, this updated condo at Three Palms Pointe blends style and simplicity just moments from the sand and the vibrant energy of St. Pete Beach. Thoughtfully renovated, it features luxury vinyl flooring throughout the main living areas and a beautifully remodeled kitchen with shaker cabinetry, granite counters, and stainless-steel appliances. The spacious living room showcases a striking accent wall that adds warmth and character, while the serene bedroom introduces soft color and texture with custom molding and a pastel green finish. Enjoy the convenience of one and a half bathsplus a generous main bath with plenty of storage. Three Palms Point offers resort-style amenities including a heated waterfront pool, fishing pier, library, pool table, foosball, air hockey, fitness center, a community kitchen for gatherings, and more. Just across Gulf Boulevard, youre minutes from the sugar-white sands of St. Pete Beach and a short stroll or bike ride to Corey Avenue, where local boutiques, coffee spots, live music, and Sunday markets create a lively neighborhood feel. Downtown St. Petersburgs dining, art, and nightlife are only 20 minutes away. Whether youre searching for a low-maintenance full-time home or a stylish vacation retreat, this condo delivers the best of beachside living with comfort and convenience in equal measure!

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