6042 1st Ave S APT 26Saint PetersburgFL33707
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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 6042 1st Ave S APT 26, Saint Petersburg, FL, 33707 offers a 14.56% rental yield on a $204,000 purchase with $2,476/mo rent. Total monthly income registers $2,476/mo, and a $998/mo payment leaves $762/mo available for distribution. Annual cash flow reaches $9,138/yr on $67,626 to close, and return on cash invested stands at 33.42% in year one. Equity gained on principal adds $1,316/yr while 5% annual appreciation supports $56,361 over five years. Portfolio math shows five-year ROI at 178.23% and total cumulative return in cash at $120,532. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,476/mo property income against a $998/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1968
N/A lot
$N/A/sqft
$343 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33707, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,791 (100%) |
| Owner Occupied HU | 9,258 (58.6%) |
| Renter Occupied HU | 4,057 (25.7%) |
| Vacant Housing Units | 2,476 (15.7%) |
| Median Home Value | $458,933 |
| Average Home Value | $604,684 |
Housing Distribution
Address Breakdown
Residential
14,754
Single Family
9,073
Multi-Family
5,681
Businesses
846
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Listed by: Torrie Tiernan Jasuwan • LUXE PROPERTIES INTL, LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8318598
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511