5191 Salmon Dr SE #CSaint PetersburgFL33705
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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 5191 Salmon Dr SE #C, Saint Petersburg, FL, 33705 with 5% annual appreciation on a $290,000 basis while $2,042/mo rent supports operations. Total monthly income totals $2,042/mo and a $1,419/mo payment preserves $118/mo for cash returns. Annual cash flow comes to $1,415/yr on $96,135 deployed, and return on cash invested reaches 21.38% in year one. Equity gained on principal adds $1,871/yr, and five-year appreciation sums $80,122 alongside rental yield of 8.45%. Five-year ROI measures 111.3% and total cumulative return in cash totals $106,996.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,042/mo property income versus a $1,419/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1979
9,016 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
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Listed by: Heather Macneale • HOFACKER & ASSOCIATES INC
Mls Name: Stellar MLS
Mls ID: #TB8381791