8701 56th St NPinellas ParkFL33782
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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 Pinellas Park at 8701 56th St N, Pinellas Park, FL, 33782 uses $122,655 cash to close to unlock $6,463/yr annual cash flow and $539/mo monthly cash flow. Total monthly income runs $2,994/mo, and a $1,811/mo payment keeps the spread at $539/mo. Purchase price stands at $370,000, and rental yield measures 9.71% with $2,994/mo rent. Return on cash invested shows 25.18% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 131.7% and total cumulative return in cash records $161,537. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,994/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Single Family
Built in 1961
7,026 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33782, Pinellas Park, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,235 (100%) |
| Owner Occupied HU | 7,655 (62.6%) |
| Renter Occupied HU | 3,651 (29.8%) |
| Vacant Housing Units | 929 ( 7.6%) |
| Median Home Value | $316,483 |
| Average Home Value | $362,575 |
Housing Distribution
Address Breakdown
Residential
11,023
Single Family
8,837
Multi-Family
2,186
Businesses
413
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Listed by: Taylor Welch • COMPASS FLORIDA LLC
Mls Name: Stellar MLS
Mls ID: #TB8451198