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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Pinellas Park at 8231 59th Way N, Pinellas Park, FL, 33781 uses $92,820 cash to close to unlock $6,124/yr annual cash flow and $510/mo monthly cash flow. Total monthly income runs $2,368/mo, and a $1,370/mo payment keeps the spread at $510/mo. Purchase price stands at $280,000, and rental yield measures 10.15% with $2,368/mo rent. Return on cash invested shows 26.51% in year one, and 5% annual appreciation builds toward $77,359 over five years. Five-year ROI reaches 138.83% and total cumulative return in cash records $128,865. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,368/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1959
7,623 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 33781, Pinellas Park, FL area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,590 (100%) |
| Owner Occupied HU | 6,810 (58.8%) |
| Renter Occupied HU | 4,022 (34.7%) |
| Vacant Housing Units | 758 ( 6.5%) |
| Median Home Value | $330,070 |
| Average Home Value | $402,704 |
Residential
12,260
Single Family
10,239
Multi-Family
2,021
Businesses
1,370
Date | Event | Price |
|---|---|---|
| 2025-09-16 | Sold | $280,000 |
| 2025-07-23 | Pending sale | $295,000 |
| 2025-07-18 | Listed for sale | $295,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $2203.66 | 2.55% | $147,098 | 3.00% |
| 2023-10-21 | $2148.84 | 3.67% | $142,814 | 3.00% |
| 2022-10-21 | $2072.77 | 2.15% | $138,654 | 3.43% |
Listed by: Gregory Schreiber • KELLER WILLIAMS REALTY- PALM H
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8405705
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
