625 38th Ave NSaint PetersburgFL33704
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Saint Petersburg rental at 625 38th Ave N, Saint Petersburg, FL, 33704 sits in the solid-income band: 9.21% gross yield, $7,596/mo rent, $1,026/mo net after the $4,452/mo debt service, DSCR 1.71. Entry price of $990,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $273,519 and $9,118/yr in principal reduction bring total cumulative return to $443,338.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.0% |
| Monthly Cash Flow | $1,026 | $1,800 |
City averages based on Saint Petersburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,596 |
| Total Monthly Debt Service | $6,176 |
| DSCR Ratio | 1.23x |
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.
Single Family
Built in 2020
5,288 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33704, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,473 (100%) |
| Owner Occupied HU | 5,476 (64.6%) |
| Renter Occupied HU | 2,246 (26.5%) |
| Vacant Housing Units | 751 ( 8.9%) |
| Median Home Value | $703,033 |
| Average Home Value | $882,467 |
Housing Distribution
Address Breakdown
Residential
7,800
Single Family
6,785
Multi-Family
1,015
Businesses
387
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
Single Family
Built in 2020
5,288 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33704, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,473 (100%) |
| Owner Occupied HU | 5,476 (64.6%) |
| Renter Occupied HU | 2,246 (26.5%) |
| Vacant Housing Units | 751 ( 8.9%) |
| Median Home Value | $703,033 |
| Average Home Value | $882,467 |
Housing Distribution
Address Breakdown
Residential
7,800
Single Family
6,785
Multi-Family
1,015
Businesses
387
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jac Smith • KELLER WILLIAMS ST PETE REALTY
Mls Name: Stellar MLS
Mls ID: #TB8411692