846 Glades Ct NESaint PetersburgFL33702
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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 846 Glades Ct NE, Saint Petersburg, FL, 33702 priced at $384,900 pairs $3,096/mo rent with $542/mo cash flow after a $1,884/mo payment. Total monthly income equals $3,096/mo, and annual cash flow comes to $6,500/yr on $127,594 invested. Return on cash invested is 25% in year one, and rental yield stands at 9.65% on a $384,900 basis. Equity gained on principal adds $2,484/yr, and 5% annual appreciation accumulates to $106,341 by year five. Five-year ROI measures 130.76% and total cumulative return in cash reaches $166,839. For financing, Ziffy Mortgage’s DSCR program evaluates $3,096/mo property income against a $1,884/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1987
3,676 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33702, Saint Petersburg, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,664 (100%) |
| Owner Occupied HU | 8,981 (61.2%) |
| Renter Occupied HU | 4,329 (29.5%) |
| Vacant Housing Units | 1,354 ( 9.2%) |
| Median Home Value | $411,755 |
| Average Home Value | $465,872 |
Housing Distribution
Address Breakdown
Residential
15,540
Single Family
11,571
Multi-Family
3,969
Businesses
705
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Listed by: Jeffery Jones • MARK SPAIN REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #O6324547