777 3rd Ave N #1602Saint PetersburgFL33701
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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 777 3rd Ave N #1602, Saint Petersburg, FL, 33701 uses $364,500 cash to close to unlock $84,055/yr annual cash flow and $7,005/mo monthly cash flow. Total monthly income runs $14,470/mo, and a $5,506/mo payment keeps the spread at $7,005/mo. Purchase price stands at $1,125,000, and rental yield measures 15.43% with $14,470/mo rent. Return on cash invested shows 43.43% in year one, and 5% annual appreciation builds toward $310,817 over five years. Five-year ROI reaches 229.48% and total cumulative return in cash records $836,444. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $14,470/mo property income covering a $5,506/mo payment rather than investor’s personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33701, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,857 (100%) |
| Owner Occupied HU | 4,780 (32.2%) |
| Renter Occupied HU | 7,946 (53.5%) |
| Vacant Housing Units | 2,131 (14.3%) |
| Median Home Value | $680,200 |
| Average Home Value | $846,003 |
Housing Distribution
Address Breakdown
Residential
13,067
Single Family
4,473
Multi-Family
8,594
Businesses
1,397
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Listed by: N/A • KW Developer Services
Mls Name: KW Developer Services
Mls ID: #N/A