7037 Sunset Dr S APT 601South PasadenaFL33707
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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 South Pasadena at 7037 Sunset Dr S APT 601, South Pasadena, FL, 33707 generates $2,820/mo in rent and, after a $1,902/mo payment, leaves $241/mo in cash flow. Total monthly income is $2,820/mo, and annual cash flow is $2,896/yr on $128,788 invested. Return on cash invested sits at 22.16% in year one, and rental yield is 8.71% on a $388,500 entry. Equity gained on principal adds $2,507/yr, while 5% annual appreciation builds toward $107,335 over five years. Five-year ROI reaches 115.52% and total cumulative return in cash sums $148,769. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,820/mo property income rather than buyer’s personal income.
Condo
Built in 1982
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33707, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,791 (100%) |
| Owner Occupied HU | 9,258 (58.6%) |
| Renter Occupied HU | 4,057 (25.7%) |
| Vacant Housing Units | 2,476 (15.7%) |
| Median Home Value | $458,933 |
| Average Home Value | $604,684 |
Housing Distribution
Address Breakdown
Residential
14,754
Single Family
9,073
Multi-Family
5,681
Businesses
846
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Listed by: Estelia Will Mesimer • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #TB8437722