5980 Terrace Park Dr N Unit 313Saint PetersburgFL33709
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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 Petersburg at 5980 Terrace Park Dr N Unit 313, Saint Petersburg, FL, 33709 listed at $194,900 pairs $1,566/mo rent with a $954/mo payment to leave $273/mo cash flow. Total monthly income runs $1,566/mo, and annual cash flow reaches $3,271/yr on $64,609 cash to close. Return on cash invested measures 24.97% in year one, and rental yield registers 9.64% at a $194,900 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,847 by year five. Five-year ROI tracks 130.61% and total cumulative return in cash totals $84,387. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,566/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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Listed by: Janelle Chmura PA • SMITH & ASSOCIATES REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #TB8470192