656 16th Ave NESaint PetersburgFL33704
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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 Petersburg at 656 16th Ave NE, Saint Petersburg, FL, 33704 earns from $4,674/mo rent with a $8,321/mo payment. Total monthly income totals $4,674/mo. ROI tracks 5.97% on current figures, and rental yield reads 3.3% at a $1,700,000 purchase. Equity gained on principal adds $10,970/yr, and 5% annual appreciation supports $469,679 over five years. Five-year ROI reaches 28.62% and total cumulative return in cash sums $157,651. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,674/mo property income instead of your personal income.
Single Family
Built in 1928
6,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33704, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,473 (100%) |
| Owner Occupied HU | 5,476 (64.6%) |
| Renter Occupied HU | 2,246 (26.5%) |
| Vacant Housing Units | 751 ( 8.9%) |
| Median Home Value | $703,033 |
| Average Home Value | $882,467 |
Housing Distribution
Address Breakdown
Residential
7,800
Single Family
6,785
Multi-Family
1,015
Businesses
387
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Listed by: Sarah Howe • COMPASS FLORIDA LLC
Mls Name: Stellar MLS
Mls ID: #TB8467346