8174 Terrace Garden Dr N UNIT 307Saint PetersburgFL33709
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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 8174 Terrace Garden Dr N UNIT 307, Saint Petersburg, FL, 33709 uses $54,664 cash to close to unlock $2,206/yr annual cash flow and $184/mo monthly cash flow. Total monthly income runs $1,278/mo, and a $807/mo payment keeps the spread at $184/mo. Purchase price stands at $164,900, and rental yield measures 9.3% with $1,278/mo rent. Return on cash invested shows 23.94% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 125.09% and total cumulative return in cash records $68,380. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,278/mo property income covering a $807/mo payment rather than investor’s personal income.
Condo
Built in 1985
25.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33709, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,719 (100%) |
| Owner Occupied HU | 9,528 (64.7%) |
| Renter Occupied HU | 3,231 (22.0%) |
| Vacant Housing Units | 1,960 (13.3%) |
| Median Home Value | $280,859 |
| Average Home Value | $309,147 |
Housing Distribution
Address Breakdown
Residential
13,630
Single Family
10,773
Multi-Family
2,857
Businesses
700
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Listed by: JW Turner • FIVE TOWNS ACTION REALTY
Mls Name: Stellar MLS
Mls ID: #TB8436833