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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Saint Petersburg at 4908 38th Way S APT 502, Saint Petersburg, FL, 33711 earns $59/mo cash flow from $2,141/mo rent with a $1,121/mo payment. Total monthly income totals $2,141/mo, and annual cash flow totals $710/yr on $75,914 capital. ROI tracks 20.84% on current figures, and rental yield reads 11.22% at a $229,000 purchase. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 over five years. Five-year ROI reaches 111.72% and total cumulative return in cash sums $84,809. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,141/mo property income instead of your personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$562 monthly HOA
Neighborhood data shown for ZIP Code: 33711, Saint Petersburg, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,785 (100%) |
| Owner Occupied HU | 4,897 (50.0%) |
| Renter Occupied HU | 3,692 (37.7%) |
| Vacant Housing Units | 1,196 (12.2%) |
| Median Home Value | $399,107 |
| Average Home Value | $486,386 |
Residential
8,882
Single Family
6,634
Multi-Family
2,248
Businesses
426
Date | Event | Price |
|---|---|---|
| 2024-12-15 | Listed for sale | $229,000 |
| 1998-09-30 | Sold | $41,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-12 | $552.37 | 1.05% | $59,410 | 3.00% |
| 2022-02-12 | $546.62 | -3.00% | $57,680 | 3.00% |
| 2021-02-12 | $563.52 | -0.84% | $56,000 | 1.40% |
Listed by: Barbara Brockwell • CHARLES RUTENBERG REALTY INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8328397
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511
