7465 Bay Island Dr S APT 213Saint PetersburgFL33707
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 7465 Bay Island Dr S APT 213, Saint Petersburg, FL, 33707 uses $100,776 cash to close to unlock $390/yr annual cash flow and $33/mo monthly cash flow. Total monthly income runs $2,820/mo, and a $1,488/mo payment keeps the spread at $33/mo. Purchase price stands at $304,000, and rental yield measures 11.13% with $2,820/mo rent. Return on cash invested shows 20.3% in year one, and 5% annual appreciation builds toward $83,990 over five years. Five-year ROI reaches 108.85% and total cumulative return in cash records $109,700. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,820/mo property income covering a $1,488/mo payment rather than investor’s personal income.
Condo
Built in 1972
0.60 Acres lot
$N/A/sqft
$770 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vanessa Solis • REAL BROKER, LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #U8238284
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