540 Somerhill Dr NESaint PetersburgFL33716
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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
Rental property for sale in Saint Petersburg at 540 Somerhill Dr NE, Saint Petersburg, FL, 33716 priced at $850,000 converts $4,711/mo rent into after a $4,160/mo obligation. Total monthly income equals $4,711/mo. Return on cash invested prints 16.07% in year one, and rental yield reads 6.65% against a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation compiles into $234,839 by year five. Five-year ROI reaches 82.83% and total cumulative return in cash sums $231,622. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,711/mo property income covering a $4,160/mo payment, not borrower’s personal income.
Single Family
Built in 2001
10,472 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33716, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,631 (100%) |
| Owner Occupied HU | 1,970 (15.6%) |
| Renter Occupied HU | 9,502 (75.2%) |
| Vacant Housing Units | 1,159 ( 9.2%) |
| Median Home Value | $149,441 |
| Average Home Value | $266,786 |
Housing Distribution
Address Breakdown
Residential
10,520
Single Family
1,960
Multi-Family
8,560
Businesses
513
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Listed by: Leann Collins Pacitto • KELLER WILLIAMS SOUTH TAMPA
Mls Name: Stellar MLS
Mls ID: #TB8361266