8198 Terrace Garden Dr N UNIT 409Saint 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 8198 Terrace Garden Dr N UNIT 409, Saint Petersburg, FL, 33709 generates $1,980/mo in rent and, after a $978/mo payment, leaves $654/mo in cash flow. Total monthly income is $1,980/mo, and annual cash flow is $7,846/yr on $66,267 invested. Return on cash invested sits at 31.75% in year one, and rental yield is 11.89% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 166.91% and total cumulative return in cash sums $110,605. 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 1985
N/A 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: Luisa Tolusso • MAINLANDS REAL ESTATE INC
Mls Name: Stellar MLS
Mls ID: #TB8457614