8186 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
Rental property for sale in Saint Petersburg at 8186 Terrace Garden Dr N Unit 307, Saint Petersburg, FL, 33709 generates $1,980/mo in rent and, after a $1,224/mo payment, leaves $321/mo in cash flow. Total monthly income is $1,980/mo, and annual cash flow is $3,847/yr on $82,875 invested. Return on cash invested sits at 24.55% in year one, and rental yield is 9.5% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 128.33% and total cumulative return in cash sums $106,354. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,980/mo property income rather than buyer’s personal income.
Condo
Built in 1987
8.59 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: Jay Heidel • KELLER WILLIAMS ST PETE REALTY
Mls Name: Stellar MLS
Mls ID: #TB8467380