4775 Cove Cir APT 1008Saint PetersburgFL33708
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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
Investment Highlights
Investment property for sale in Saint Petersburg at 4775 Cove Cir APT 1008, Saint Petersburg, FL, 33708 uses $72,930 cash to close to unlock $1,174/yr annual cash flow and $98/mo monthly cash flow. Total monthly income runs $1,558/mo, and a $1,077/mo payment keeps the spread at $98/mo. Purchase price stands at $220,000, and rental yield measures 8.5% with $1,558/mo rent. Return on cash invested shows 21.52% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 112.07% and total cumulative return in cash records $81,731. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,558/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Condo
Built in 1971
1,040 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33708, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,781 (100%) |
| Owner Occupied HU | 6,160 (48.2%) |
| Renter Occupied HU | 2,266 (17.7%) |
| Vacant Housing Units | 4,355 (34.1%) |
| Median Home Value | $575,753 |
| Average Home Value | $706,923 |
Housing Distribution
Address Breakdown
Residential
9,631
Single Family
6,102
Multi-Family
3,529
Businesses
528
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Listed by: Shana Story • COMPASS FLORIDA LLC
Mls Name: Stellar MLS
Mls ID: #TB8449620