6550 Shoreline Dr APT 7105Saint PetersburgFL33708
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
Investment property for sale in Saint Petersburg at 6550 Shoreline Dr APT 7105, Saint Petersburg, FL, 33708 uses $92,157 cash to close to unlock $1,042/yr annual cash flow and $87/mo monthly cash flow. Total monthly income runs $1,932/mo, and a $1,361/mo payment keeps the spread at $87/mo. Purchase price stands at $278,000, and rental yield measures 8.34% with $1,932/mo rent. Return on cash invested shows 21.04% in year one, and 5% annual appreciation builds toward $76,806 over five years. Five-year ROI reaches 109.5% and total cumulative return in cash records $100,913. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,932/mo property income covering a $1,361/mo payment rather than investor’s personal income.
Condo
Built in 2001
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33708, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,781 (100%) |
| Owner Occupied HU | 6,160 (48.2%) |
| Renter Occupied HU | 2,266 (17.7%) |
| Vacant Housing Units | 4,355 (34.1%) |
| Median Home Value | $575,753 |
| Average Home Value | $706,923 |
Housing Distribution
Address Breakdown
Residential
9,631
Single Family
6,102
Multi-Family
3,529
Businesses
528
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Kane • RE/MAX ELITE REALTY
Mls Name: Stellar MLS
Mls ID: #TB8455637