Saint Petersburg, FL — Rental Investment Analysis

🟡MODERATE— average returns

Cap Rate

5.8%

Below average

Monthly Cash Flow

-$175

After all expenses

Price-to-Rent

10.9

Investor-friendly

DSCR

0.92

Fails

📊 Key Metrics

Median Home Price: $343,171
Average Rent (3BR): $2,465/mo
Price-to-Rent Ratio: 10.9(good)
1% Rule: 0.77%(fails — need 1%+)
Cash-on-Cash Return: -2.3%
Vacancy Rate: 8.0%

📈 Market Strength

Unemployment Rate: 4.8%(+0.5% vs national)
Rent Growth (YoY): +2.9%(national avg)
Population Growth: +5.6% YoY

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

Customize these numbers →

Property Tax Rate

0.86%

of assessed value (FL avg)

Median Income

$63,062

household (FL avg)

Rent-to-Income

46.9%

Stretched

Section 8 Max Rent

$2,465/mo

3BR voucher payment

🏛️ FL Investor Climate

Landlord Friendly

8/10

State Income Tax

✅ None

Property Tax

0.86% effective

Population Trend

+5.6% (3yr)

🏘️ Best Zip Codes in Saint Petersburg for Investors

33716

Cap Rate: 16.9%Cash Flow: +$1,433/mo$163,356

33711

Cap Rate: 7.1%Cash Flow: +$161/mo$277,929

33709

Cap Rate: 6.2%Cash Flow: -$36/mo$266,991

All Zip Codes in Saint Petersburg

Zip	Cap Rate	Cash Flow	Home Price	Rent (3BR)	DSCR
33716	16.9%	+$1,433	$163,356	$3,090/mo	2.65
33711	7.1%	+$161	$277,929	$2,480/mo	1.11
33709	6.2%	-$36	$266,991	$2,150/mo	0.97
33714	6.1%	-$59	$271,549	$2,160/mo	0.96
33702	6.1%	-$84	$303,212	$2,390/mo	0.95
33705	5.9%	-$125	$327,611	$2,540/mo	0.93
33712	5.9%	-$137	$318,406	$2,450/mo	0.92
33715	5.8%	-$214	$463,753	$3,550/mo	0.91
33703	4.9%	-$477	$394,458	$2,660/mo	0.77
33713	4.9%	-$433	$358,731	$2,420/mo	0.77
33710	4.8%	-$509	$378,468	$2,490/mo	0.75
33708	4.1%	-$957	$510,723	$3,030/mo	0.65
33701	1.4%	-$3,092	$748,401	$2,380/mo	0.22
33704	1.3%	-$3,142	$736,381	$2,220/mo	0.20