470 3rd St S UNIT 921Saint PetersburgFL33701
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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 470 3rd St S UNIT 921, Saint Petersburg, FL, 33701 uses $99,119 cash to close to unlock $11,379/yr annual cash flow and $948/mo monthly cash flow. Total monthly income runs $2,932/mo, and a $1,463/mo payment keeps the spread at $948/mo. Purchase price stands at $299,000, and rental yield measures 11.77% with $2,932/mo rent. Return on cash invested shows 31.39% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 165.04% and total cumulative return in cash records $163,582. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,932/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 1965
1.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33701, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,857 (100%) |
| Owner Occupied HU | 4,780 (32.2%) |
| Renter Occupied HU | 7,946 (53.5%) |
| Vacant Housing Units | 2,131 (14.3%) |
| Median Home Value | $680,200 |
| Average Home Value | $846,003 |
Housing Distribution
Address Breakdown
Residential
13,067
Single Family
4,473
Multi-Family
8,594
Businesses
1,397
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Listed by: Amanda Bursik • THE KEY GROUP
Mls Name: Stellar MLS
Mls ID: #TB8447987