7000 Beach Plz #706 & 707Saint PetersburgFL33706
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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
Rental property for sale in Saint Petersburg at 7000 Beach Plz #706 & 707, Saint Petersburg, FL, 33706 generates $8,915/mo in rent and, after a $4,160/mo payment, leaves $2,287/mo in cash flow. Total monthly income is $8,915/mo, and annual cash flow is $27,441/yr on $279,617 invested. Return on cash invested sits at 29.87% in year one, and rental yield is 12.59% on a $849,900 entry. Equity gained on principal adds $5,484/yr, while 5% annual appreciation builds toward $234,812 over five years. Five-year ROI reaches 158.37% and total cumulative return in cash sums $442,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,915/mo property income rather than buyer’s personal income.
Condo
Built in 1958
1.88 Acres lot
$N/A/sqft
$988 monthly 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: Erin Laschinger • DALTON WADE INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #U8225243
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511