6440 3rd Palm Point StSaint PetersburgFL33706
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
Investment Highlights
Rental property for sale in Saint Petersburg at 6440 3rd Palm Point St, Saint Petersburg, FL, 33706 offers $10,608/mo rent that, after a $8,541/mo payment. Total monthly income is $10,608/mo. Return on cash invested measures 18.31% in year one, and rental yield stands at 7.29% at a $1,745,000 entry. Equity gained on principal adds $11,260/yr while 5% annual appreciation compounds into $482,111 by year five. Five-year ROI records 94.75% and total cumulative return in cash reaches $535,679. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $10,608/mo property income versus a $8,541/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
8,999 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: Marla Adams • FLIP SIDE REALTY BY DESIGN
Mls Name: Stellar MLS
Mls ID: #TB8403959