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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 503, Saint Petersburg, FL, 33711 uses $75,914 cash to close to unlock $8,666/yr annual cash flow and $722/mo monthly cash flow. Total monthly income runs $2,849/mo, and a $1,121/mo payment keeps the spread at $722/mo. Purchase price stands at $229,000, and rental yield measures 14.93% with $2,849/mo rent. Return on cash invested shows 31.32% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 168.18% and total cumulative return in cash records $127,673. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,849/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$561 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 |
|---|---|---|
| 2024-07-12 | Price change | $229,000 |
| 2024-05-23 | Price change | $232,000 |
| 2024-05-03 | Listed for sale | $235,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $2589.45 | 12.65% | $120,350 | 10.00% |
| 2022-08-30 | $2298.65 | 9.94% | $109,409 | 10.00% |
| 2021-08-30 | $2090.88 | 5.55% | $99,463 | 7.38% |
Listed by: Susan Paxson • LUXURY & BEACH REALTY INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #U8239555
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
