6219 Palma Del Mar Blvd S APT 110Saint PetersburgFL33715
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Saint Petersburg rentals match the income profile of 6219 Palma Del Mar Blvd S APT 110, Saint Petersburg, FL, 33715. Listed at $328,000, gross rent is $4,196/mo and net cash flow is $1,245/mo, a 15.35% yield well above national averages. DSCR 2.84 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $90,620 by year five with $3,021/yr in annual principal reduction, projecting $208,459 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.4% | 6.0% |
| Monthly Cash Flow | $1,245 | $1,800 |
City averages based on Saint Petersburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,196 |
| Total Monthly Debt Service | $2,821 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1979
6.68 Acres lot
$N/A/sqft
$594 monthly 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
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
Condo
Built in 1979
6.68 Acres lot
$N/A/sqft
$594 monthly 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