5969 Terrace Park Dr N UNIT 305Saint PetersburgFL33709
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 5969 Terrace Park Dr N UNIT 305, Saint Petersburg, FL, 33709 listed at $115,000 pairs $892/mo rent with a $563/mo payment to leave $129/mo cash flow. Total monthly income runs $892/mo, and annual cash flow reaches $1,545/yr on $38,123 cash to close. Return on cash invested measures 23.96% in year one, and rental yield registers 9.31% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 125.21% and total cumulative return in cash totals $47,733. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $892/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33709, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,719 (100%) |
| Owner Occupied HU | 9,528 (64.7%) |
| Renter Occupied HU | 3,231 (22.0%) |
| Vacant Housing Units | 1,960 (13.3%) |
| Median Home Value | $280,859 |
| Average Home Value | $309,147 |
Housing Distribution
Address Breakdown
Residential
13,630
Single Family
10,773
Multi-Family
2,857
Businesses
700
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charlene Tomas • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #TB8446168