6422 1st Palm Point StSaint Pete BeachFL33706
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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
Investment Highlights
Investment property for sale in Saint Pete Beach at 6422 1st Palm Point St, Saint Pete Beach, FL, 33706 earns from $4,505/mo rent with a $6,240/mo payment. Total monthly income totals $4,505/mo. ROI tracks 8.88% on current figures, and rental yield reads 4.24% at a $1,275,000 purchase. Equity gained on principal adds $8,227/yr, and 5% annual appreciation supports $352,259 over five years. Five-year ROI reaches 44.2% and total cumulative return in cash sums $182,606. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,505/mo property income instead of your personal income.
Single Family
Built in 1969
8,141 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33706, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,617 (100%) |
| Owner Occupied HU | 6,397 (47.0%) |
| Renter Occupied HU | 2,347 (17.2%) |
| Vacant Housing Units | 4,873 (35.8%) |
| Median Home Value | $718,412 |
| Average Home Value | $864,993 |
Housing Distribution
Address Breakdown
Residential
10,352
Single Family
6,045
Multi-Family
4,307
Businesses
619
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Listed by: Eric Baird • BAIRD REALTY GROUP
Mls Name: Stellar MLS
Mls ID: #TB8442402