4910 38th Way S APT 111Saint PetersburgFL33711
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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 4910 38th Way S APT 111, Saint Petersburg, FL, 33711 earns $89/mo cash flow from $1,748/mo rent with a $1,224/mo payment. Total monthly income totals $1,748/mo, and annual cash flow totals $1,063/yr on $82,875 capital. ROI tracks 21.19% on current figures, and rental yield reads 8.39% at a $249,999 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 110.33% and total cumulative return in cash sums $91,438. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,748/mo property income instead of your personal income.
Condo
Built in 1973
6.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33711, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,882
Single Family
6,634
Multi-Family
2,248
Businesses
426
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Listed by: Neil Mirchandani • LUXURY & BEACH REALTY INC
Mls Name: Stellar MLS
Mls ID: #TB8424095