5980 Terrace Park Dr N UNIT 301Saint 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 5980 Terrace Park Dr N UNIT 301, Saint Petersburg, FL, 33709 uses $74,588 cash to close to unlock $13,165/yr annual cash flow and $1,097/mo monthly cash flow. Total monthly income runs $2,590/mo, and a $1,101/mo payment keeps the spread at $1,097/mo. Purchase price stands at $225,000, and rental yield measures 13.81% with $2,590/mo rent. Return on cash invested shows 37.56% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 198.14% and total cumulative return in cash records $147,789. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,590/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 1978
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: Catherine Bostian • KELLER WILLIAMS ST PETE REALTY
Mls Name: Stellar MLS
Mls ID: #TB8426080