5031 Dr Martin Luther King Jr St SSaint PetersburgFL33705
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 5031 Dr Martin Luther King Jr St S, Saint Petersburg, FL, 33705 in Saint Petersburg speaks for itself: 10.9% gross on a $349,000 price, generating $3,170/mo in rent and $854/mo in net income after the $1,569/mo debt service. DSCR 2.02, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $10,253 stacks alongside $96,422 in projected five-year appreciation and $3,214/yr in principal reduction. Projected total cumulative return: $188,042.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.0% |
| Monthly Cash Flow | $854 | $1,800 |
City averages based on Saint Petersburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,170 |
| Total Monthly Debt Service | $2,177 |
| DSCR Ratio | 1.46x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1953
7,989 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33705, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,777 (100%) |
| Owner Occupied HU | 6,533 (44.2%) |
| Renter Occupied HU | 6,370 (43.1%) |
| Vacant Housing Units | 1,874 (12.7%) |
| Median Home Value | $465,376 |
| Average Home Value | $543,923 |
Housing Distribution
Address Breakdown
Residential
14,118
Single Family
10,257
Multi-Family
3,861
Businesses
605
Nearby investment properties with comparable rents
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
Single Family
Built in 1953
7,989 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33705, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,777 (100%) |
| Owner Occupied HU | 6,533 (44.2%) |
| Renter Occupied HU | 6,370 (43.1%) |
| Vacant Housing Units | 1,874 (12.7%) |
| Median Home Value | $465,376 |
| Average Home Value | $543,923 |
Housing Distribution
Address Breakdown
Residential
14,118
Single Family
10,257
Multi-Family
3,861
Businesses
605
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rosie Peterman-Thompson • ROSIE PETERMAN THOMPSON
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8328624
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