9100 Dr Martin Luther King Jr St N APT 1405Saint PetersburgFL33702
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Saint Petersburg rentals match the income profile of 9100 Dr Martin Luther King Jr St N APT 1405, Saint Petersburg, FL, 33702. Listed at $139,445, gross rent is $1,777/mo and net cash flow is $537/mo, a 15.29% yield well above national averages. DSCR 2.83 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $38,526 by year five with $1,284/yr in annual principal reduction, projecting $89,098 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.3% | 6.0% |
| Monthly Cash Flow | $537 | $1,800 |
City averages based on Saint Petersburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,777 |
| Total Monthly Debt Service | $1,185 |
| DSCR Ratio | 1.50x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1986
27.92 Acres lot
$N/A/sqft
$315 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1986
27.92 Acres lot
$N/A/sqft
$315 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices