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$489,000

For Sale - Active
1234 29th St N, Saint Petersburg, FL 33713
4 Beds
2 Baths
1,530 Square Feet
0.12 Acres Lot
Built in 1956
For Sale - Active
1 Units
Checked: 1 day ago
Updated: Jul 11, 2025 at 06:30PM

Investment Summary


Monthly Cash Flow
-$359
Cap Rate
5.3%
Cash-on-Cash Return
-3.8%
Debt Coverage Ratio
0.86
Internal Rate of Return (5 years)
0.3%

Property Description


0.12 Acres Lot
Built in 1956
For Sale - Active
1 Units

Updated and ready for its next chapter, this spacious 4-bedroom, 2-bath home brings together comfort, style, and character in one inviting package. Whether you're looking for extra space for guests, a home office, or a hobby room, the flexible fourth bedroom has you covered. The spacious primary suite offers a private ensuite bath and generous walk-in closet for your comfort. Step inside and you’ll be welcomed by an airy, open layout filled with natural light. Timeless architectural touches—like a charming brick accent wall, arched doorway, and a striking wood-burning fireplace—add warmth and personality throughout the main living space. The home has been thoughtfully updated with stylish new flooring, beautifully remodeled bathrooms, and a contemporary kitchen with all-new finishes. Updated windows bring in even more light, while the dedicated laundry room provides lots of space. Out back, the fully fenced yard offers a private retreat with a cozy pergola, built-in fire pit, and plenty of room to entertain or unwind. Bonus: there’s RV parking, no HOA, no flood insurance required, and public water and sewer. All of this just minutes to parks, shopping, dining, and downtown St. Pete.It’s move-in ready and waiting for you!

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle

Land Information

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

Lot Information

  • Parcel ID: 143116281520150090
  • Lot Size: 5201 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Bungalow
  • Year Built: 1956

Tax Information

  • Annual Tax: $3,231

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Pinellas

Listing Details


Listed by:
Irina McKay
MCKAY MANAGEMENT & REALTY
(815) 483-5052

Source:
Stellar MLS
MLS#: A4652048
Stellar MLS

Investment Summary


Monthly Cash Flow
-$359
Cap Rate
5.3%
Cash-on-Cash Return
-3.8%
Debt Coverage Ratio
0.86
Internal Rate of Return (5 years)
0.3%

Purchase Details

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Purchase price:
$489,000
Amount financed:
-$391,200
Down payment:
$97,800
Closing costs:
$14,670
Rehab costs:
$0
Initial cash invested:
$112,470
Square feet:
1,530
Cost per square foot:
$320
Monthly rent per square foot:
$2.29

Financing Details

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Loan amount:
$391,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,505
Property tax:
$269
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,019

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$269-$3,231
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (33%)
33%-$1,144-$13,731

Cash Flow


Monthly Yearly
Net operating income:
$2,146 $25,752
Mortgage payments:
-$2,505 -$30,060
Cash flow:
$359 $4,308