637 Pinellas Bayway S APT 207, Saint Petersburg, FL, 33715 | $971/mo Cash Flow

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637 Pinellas Bayway S APT 207, Saint Petersburg, FL, 33715 | $971/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Saint Petersburg at 637 Pinellas Bayway S APT 207, Saint Petersburg, FL, 33715 generates $4,289/mo in rent and, after a $2,447/mo payment, leaves $971/mo in cash flow. Total monthly income is $4,289/mo, and annual cash flow is $11,656/yr on $165,717 invested. Return on cash invested sits at 26.94% in year one, and rental yield is 10.3% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 141.15% and total cumulative return in cash sums $233,916. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,289/mo property income rather than buyer’s personal income.

Townhouse

Built in 1991

1,080 sqft lot

$N/A/sqft

No HOA

More details about the property

PRICED TO SELL!! NEWLY COMPLETED SLEEK AND MODERN townhouse! When you enter this beautiful property, youll instantly be impressed with the attention to detail and impressive updates! Renovated from top to bottom, no expense was spared to remodel this attractive residence! BRAND NEW DESIGNER FURNISHINGS MAKE THIS TURNKEY- complete with 5 TVs! Cool, engineered hardwood floors flow seamlessly from room to room, creating an open, airy floor plan. Light and bright with a contemporary kitchen featuring sleek quartz counters, high-end Samsung appliances, a large breakfast bar, and extra cabinetry for a coffee or wine bar! The dining and living room is open to a sizeable poolside balcony with LPV flooring, furnishings, and a TV, which is excellent for entertainment. The primary suite is a sanctuary with a gorgeous new bathroom, dual sinks, a separate shower, and a stand-alone tub! Truly elegant! The primary suite also enjoys an all-season balcony overlooking the pool- it adds another living room or home office to your space. Guests will appreciate a spacious bedroom with a brand-new ensuite bath! Other highlights in this house include HURRICANE WINDOWS, new roof, custom carpentry, New A/C, all new fixtures, a fireplace, shiplap details, a hurricane garage door, and so much more! Tierra Verde is one of St Petersburgs finest neighborhoods with numerous shops, restaurants, tennis courts, playgrounds, marinas, and the world-famous Ft. DeSoto Park with miles of walking, biking, boating & beaches! Did you know that Tierra Verde has half the density of the population of St. Petersburg? Tranquil island living! Just minutes from St. Pete Beach, Pass-A-Grille, Pinellas Bike Trail & 10 miles to one of the nations fastest-growing cities: Downtown St Pete, which offers upscale restaurants, shops, museums, and the new pier! Just a short 25-minute drive to Tampa International Airport. For the sports enthusiast- youre only 15 minutes from the Rays baseball stadium & the Rowdies soccer stadium, 30 minutes to Buccaneers football, and 35 to the Lightning Hockey team! Start living the good life on the island of Tierra Verde!

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