8744 Sunlit Cove Dr 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
Investment property for sale in Saint Petersburg at 8744 Sunlit Cove Dr NE, Saint Petersburg, FL, 33702 uses $210,231 cash to close to unlock $5,173/yr annual cash flow and $431/mo monthly cash flow. Total monthly income runs $4,672/mo, and a $3,128/mo payment keeps the spread at $431/mo. Purchase price stands at $639,000, and rental yield measures 8.77% with $4,672/mo rent. Return on cash invested shows 22.52% in year one, and 5% annual appreciation builds toward $176,544 over five years. Five-year ROI reaches 117.43% and total cumulative return in cash records $246,868. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,672/mo property income covering a $3,128/mo payment rather than investor’s personal income.
Single Family
Built in 1957
7,514 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: Christy Ryan • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #TB8454871