7001 59th St NPinellas ParkFL33781
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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 Pinellas Park at 7001 59th St N, Pinellas Park, FL, 33781 uses $102,732 cash to close to unlock $11,271/yr annual cash flow and $939/mo monthly cash flow. Total monthly income runs $2,996/mo, and a $1,517/mo payment keeps the spread at $939/mo. Purchase price stands at $309,900, and rental yield measures 11.6% with $2,996/mo rent. Return on cash invested shows 30.88% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 162.29% and total cumulative return in cash records $166,728. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,996/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1971
6,739 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33781, Pinellas Park, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,590 (100%) |
| Owner Occupied HU | 6,810 (58.8%) |
| Renter Occupied HU | 4,022 (34.7%) |
| Vacant Housing Units | 758 ( 6.5%) |
| Median Home Value | $330,070 |
| Average Home Value | $402,704 |
Housing Distribution
Address Breakdown
Residential
12,260
Single Family
10,239
Multi-Family
2,021
Businesses
1,370
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Listed by: Michael Spithoyanis • 1ST CLASS REAL ESTATE LLC
Mls Name: Stellar MLS
Mls ID: #TB8426856