804 Bay Point DrMadeira BeachFL33708
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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 Madeira Beach at 804 Bay Point Dr, Madeira Beach, FL, 33708 priced at $1,699,900 converts $7,500/mo rent into after a $8,320/mo obligation. Total monthly income equals $7,500/mo. Return on cash invested prints 12.13% in year one, and rental yield reads 5.29% against a $1,699,900 entry. Equity gained on principal adds $10,969/yr, while 5% annual appreciation compiles into $469,651 by year five. Five-year ROI reaches 61.64% and total cumulative return in cash sums $339,504. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,500/mo property income covering a $8,320/mo payment, not borrower’s personal income.
Single Family
Built in 1983
6,978 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33708, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,781 (100%) |
| Owner Occupied HU | 6,160 (48.2%) |
| Renter Occupied HU | 2,266 (17.7%) |
| Vacant Housing Units | 4,355 (34.1%) |
| Median Home Value | $575,753 |
| Average Home Value | $706,923 |
Housing Distribution
Address Breakdown
Residential
9,631
Single Family
6,102
Multi-Family
3,529
Businesses
528
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Listed by: Rich Rippetoe • COASTAL PROPERTIES GROUP INTERNATIONAL
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8408633
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