762 60th Ave NESaint PetersburgFL33703
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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 762 60th Ave NE, Saint Petersburg, FL, 33703 uses $82,875 cash to close to unlock $967/yr annual cash flow and $81/mo monthly cash flow. Total monthly income runs $1,740/mo, and a $1,224/mo payment keeps the spread at $81/mo. Purchase price stands at $250,000, and rental yield measures 8.35% with $1,740/mo rent. Return on cash invested shows 21.08% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 109.71% and total cumulative return in cash records $90,922. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,740/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1951
7,510 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33703, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,143 (100%) |
| Owner Occupied HU | 8,870 (73.0%) |
| Renter Occupied HU | 2,283 (18.8%) |
| Vacant Housing Units | 990 ( 8.2%) |
| Median Home Value | $557,929 |
| Average Home Value | $656,191 |
Housing Distribution
Address Breakdown
Residential
11,300
Single Family
9,784
Multi-Family
1,516
Businesses
259
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Listed by: Madison Allen • HOMERUN REALTY
Mls Name: Stellar MLS
Mls ID: #OM709471