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$349,900

Sold
1225 26th St N, Saint Petersburg, FL 33713
5 Beds
3 Baths
1,922 Square Feet
0.23 Acres Lot
Built in 1955
Sold
3 Units
Checked: 13 hours ago
Updated: Jul 26, 2025 at 02:16AM

Investment Summary


Monthly Cash Flow
$1,323
Cap Rate
10.7%
Cash-on-Cash Return
19.7%
Debt Coverage Ratio
1.74
Internal Rate of Return (5 years)
23.3%

Property Description


0.23 Acres Lot
Built in 1955
Sold
3 Units

Want to live in a 4 bedroom (no flood insurance required) pool home for about $1200/month? Or you could live in the garage apartment and keep the tenant in the front house and pay about $200/month. If so, you'll want to see this large North Kenwood family home with a legal one-bedroom/1 bath garage apartment. It's near St. Pete High and all things Kenwood. Per the seller: Tenant in main house must vacate within 45 days of closing or they can stay until June 30, 2020 paying $1800 in rent; the garage apartment tenant is on a month to month lease and pays $800 per month; new central HVAC in front part of home (2019); new Water Heater (2019). Public records show the Roof was permitted in 2013. The main home has 4 bedrooms, 2 baths, a bonus room, and inside laundry. The fenced backyard has an in ground pool and a covered deck for entertaining. Park your boat or RV in the covered storage area. Flood zone X. Don't miss out on this great location and let one of the tenants pay part of your mortgage payment! Room sizes to be verified by the buyer.

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Location


Property Details


Parking

  • Description: Carport
  • Details: Driveway
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 9
  • Basement Description: Crawl Space

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 143116288360000050
  • Lot Size: 10075 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1955

Tax Information

  • Annual Tax: $4,853

Utilities

  • Water & Sewer: None
  • Heating: Central, Electric
  • Cooling: Central Air, Wall/Window Unit(s)

Location

  • County: Pinellas

Listing Details


Listed by:
Carol Hasbrouck
RE/MAX METRO
(727) 424-6627

Source:
Stellar MLS
MLS#: U8061654
Stellar MLS

Investment Summary


Monthly Cash Flow
$1,323
Cap Rate
10.7%
Cash-on-Cash Return
19.7%
Debt Coverage Ratio
1.74
Internal Rate of Return (5 years)
23.3%

Purchase Details

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Purchase price:
$349,900
Amount financed:
-$279,920
Down payment:
$69,980
Closing costs:
$10,497
Rehab costs:
$0
Initial cash invested:
$80,477
Square feet:
1,922
Cost per square foot:
$182
Monthly rent per square foot:
$2.65

Financing Details

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Loan amount:
$279,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,792
Property tax:
$404
Insurance:
$357
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,553

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,100 $61,200
Vacancy loss: (6%)
6% -$306 -$3,672
Operating income:
$4,794 $57,528

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$404-$4,853
Insurance: (7%)
7%-$357-$4,284
Property management: (8%)
8%-$408-$4,896
Repairs & maintenance: (5%)
5%-$255-$3,060
Capital expenditures: (5%)
5%-$255-$3,060
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (33%)
33%-$1,679-$20,153

Cash Flow


Monthly Yearly
Net operating income:
$3,115 $37,380
Mortgage payments:
-$1,792 -$21,504
Cash flow:
$1,323 $15,876