5575 Gulf Blvd APT 332Saint Pete BeachFL33706
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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 Pete Beach at 5575 Gulf Blvd APT 332, Saint Pete Beach, FL, 33706 uses $97,793 cash to close to unlock $603/yr annual cash flow and $50/mo monthly cash flow. Total monthly income runs $2,008/mo, and a $1,444/mo payment keeps the spread at $50/mo. Purchase price stands at $295,000, and rental yield measures 8.17% with $2,008/mo rent. Return on cash invested shows 20.53% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 106.76% and total cumulative return in cash records $104,402. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,008/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Condo
Built in 1970
3.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33706, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,617 (100%) |
| Owner Occupied HU | 6,397 (47.0%) |
| Renter Occupied HU | 2,347 (17.2%) |
| Vacant Housing Units | 4,873 (35.8%) |
| Median Home Value | $718,412 |
| Average Home Value | $864,993 |
Housing Distribution
Address Breakdown
Residential
10,352
Single Family
6,045
Multi-Family
4,307
Businesses
619
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Listed by: Diana Sames • RE/MAX PREFERRED
Mls Name: Stellar MLS
Mls ID: #TB8455186