601 56th St NSaint PetersburgFL33710
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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 601 56th St N, Saint Petersburg, FL, 33710 offers a 9.82% rental yield on a $299,000 purchase with $2,448/mo rent. Total monthly income registers $2,448/mo, and a $1,463/mo payment leaves $464/mo available for distribution. Annual cash flow reaches $5,571/yr on $99,119 to close, and return on cash invested stands at 25.53% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 133.6% and total cumulative return in cash at $132,418. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,448/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
5,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33710, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,655 (100%) |
| Owner Occupied HU | 11,381 (72.7%) |
| Renter Occupied HU | 3,470 (22.2%) |
| Vacant Housing Units | 804 ( 5.1%) |
| Median Home Value | $408,945 |
| Average Home Value | $455,080 |
Housing Distribution
Address Breakdown
Residential
15,217
Single Family
12,899
Multi-Family
2,318
Businesses
1,071
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Listed by: David James, Jr • CHARLES RUTENBERG REALTY INC
Mls Name: Stellar MLS
Mls ID: #TB8442495