6269 Palma Del Mar Blvd S APT 215Saint PetersburgFL33715
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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 6269 Palma Del Mar Blvd S APT 215, Saint Petersburg, FL, 33715 uses $92,290 cash to close to unlock $937/yr annual cash flow and $78/mo monthly cash flow. Total monthly income runs $1,926/mo, and a $1,363/mo payment keeps the spread at $78/mo. Purchase price stands at $278,400, and rental yield measures 8.3% with $1,926/mo rent. Return on cash invested shows 20.92% in year one, and 5% annual appreciation builds toward $76,917 over five years. Five-year ROI reaches 108.91% and total cumulative return in cash records $100,510. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,926/mo property income covering a $1,363/mo payment rather than investor’s personal income.
Condo
Built in 1980
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
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Listed by: David Shelton • ROBERT SLACK LLC
Mls Name: Stellar MLS
Mls ID: #TB8444238