605 Vallance Way NESaint PetersburgFL33716
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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 Saint Petersburg at 605 Vallance Way NE, Saint Petersburg, FL, 33716 offers $2,569/mo rent that, after a $1,835/mo payment, leaves $81/mo cash flow. Total monthly income is $2,569/mo, and annual cash flow is $970/yr on $124,313 cash. Return on cash invested measures 20.69% in year one, and rental yield stands at 8.22% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 107.61% and total cumulative return in cash reaches $133,767. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,569/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2001
1,581 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33716, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,631 (100%) |
| Owner Occupied HU | 1,970 (15.6%) |
| Renter Occupied HU | 9,502 (75.2%) |
| Vacant Housing Units | 1,159 ( 9.2%) |
| Median Home Value | $149,441 |
| Average Home Value | $266,786 |
Housing Distribution
Address Breakdown
Residential
10,520
Single Family
1,960
Multi-Family
8,560
Businesses
513
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Listed by: Rupa Nunamaker • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #TB8460705