6158 Palma Del Mar Blvd S APT 305Saint PetersburgFL33715
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6158 Palma Del Mar Blvd S APT 305, Saint Petersburg, FL, 33715 uses $79,527 cash to close to unlock $8,774/yr annual cash flow and $731/mo monthly cash flow. Total monthly income runs $2,323/mo, and a $1,174/mo payment keeps the spread at $731/mo. Purchase price stands at $239,900, and rental yield measures 11.62% with $2,323/mo rent. Return on cash invested shows 30.94% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 162.64% and total cumulative return in cash records $129,343. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,323/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33715, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,887 (100%) |
| Owner Occupied HU | 3,992 (58.0%) |
| Renter Occupied HU | 437 ( 6.3%) |
| Vacant Housing Units | 2,458 (35.7%) |
| Median Home Value | $689,474 |
| Average Home Value | $881,423 |
Housing Distribution
Address Breakdown
Residential
6,265
Single Family
2,121
Multi-Family
4,144
Businesses
125
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pam Moll • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #TB8413727