601 American Legion Dr #18Madeira BeachFL33708
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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
Rental property for sale in Madeira Beach at 601 American Legion Dr #18, Madeira Beach, FL, 33708 generates $1,774/mo in rent and, after a $1,268/mo payment, leaves $55/mo in cash flow. Total monthly income is $1,774/mo, and annual cash flow is $659/yr on $85,859 invested. Return on cash invested sits at 20.68% in year one, and rental yield is 8.22% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 107.54% and total cumulative return in cash sums $92,332. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,774/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
61 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33708, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,781 (100%) |
| Owner Occupied HU | 6,160 (48.2%) |
| Renter Occupied HU | 2,266 (17.7%) |
| Vacant Housing Units | 4,355 (34.1%) |
| Median Home Value | $575,753 |
| Average Home Value | $706,923 |
Housing Distribution
Address Breakdown
Residential
9,631
Single Family
6,102
Multi-Family
3,529
Businesses
528
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Listed by: Tim Johnson • WATERFRONT REALTY TAMPABAY
Mls Name: Stellar MLS
Mls ID: #TB8427409