5640 Cedar St NESaint PetersburgFL33703
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
Investment Highlights
Investment property for sale in Saint Petersburg at 5640 Cedar St NE, Saint Petersburg, FL, 33703 uses $127,230 cash to close to unlock $499/yr annual cash flow and $42/mo monthly cash flow. Total monthly income runs $2,589/mo, and a $1,879/mo payment keeps the spread at $42/mo. Purchase price stands at $383,800, and rental yield measures 8.09% with $2,589/mo rent. Return on cash invested shows 20.3% in year one, and 5% annual appreciation builds toward $106,037 over five years. Five-year ROI reaches 105.54% and total cumulative return in cash records $134,274. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,589/mo property income covering a $1,879/mo payment rather than investor’s personal income.
Single Family
Built in 1959
7,510 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33703, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,143 (100%) |
| Owner Occupied HU | 8,870 (73.0%) |
| Renter Occupied HU | 2,283 (18.8%) |
| Vacant Housing Units | 990 ( 8.2%) |
| Median Home Value | $557,929 |
| Average Home Value | $656,191 |
Housing Distribution
Address Breakdown
Residential
11,300
Single Family
9,784
Multi-Family
1,516
Businesses
259
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julian Barrera • KELLER WILLIAMS RLTY NEW TAMPA
Mls Name: Stellar MLS
Mls ID: #TB8418636