7700 Sun Island Dr S APT 105South 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
Investment property for sale in South Pasadena at 7700 Sun Island Dr S APT 105, South Pasadena, FL, 33707 offers a 9.52% rental yield on a $418,000 purchase with $3,316/mo rent. Total monthly income registers $3,316/mo, and a $2,046/mo payment leaves $542/mo available for distribution. Annual cash flow reaches $6,504/yr on $138,567 to close, and return on cash invested stands at 24.6% in year one. Equity gained on principal adds $2,697/yr while 5% annual appreciation supports $115,486 over five years. Portfolio math shows five-year ROI at 128.59% and total cumulative return in cash at $178,179. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,316/mo property income against a $2,046/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1978
1.72 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: Steve Capen • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #TB8386736