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$129,900

Sold
3123 29th Ave N Apt 105, Saint Petersburg, FL 33713
1 Bed
1 Bath
645 Square Feet
0.00 Acres Lot
Built in 1974
Sold
1 Units
Checked: 1 hour ago
Updated: Aug 12, 2025 at 03:22AM

Investment Summary


Potential Missing Expenses

We noticed that property taxes and HOA fees are missing—these are standard expenses and should be considered in your estimate.

Monthly Cash Flow
$232
Cap Rate
8.3%
Cash-on-Cash Return
9.3%
Debt Coverage Ratio
1.35
Internal Rate of Return (5 years)
13.1%

Property Description


0.00 Acres Lot
Built in 1974
Sold
1 Units

Welcome to this move in ready first floor one bedroom and one bath at Key Manor. Beautiful and fully tiled located in the heart of St Petersburg just minutes from the beach and local restaurants. The large bedroom features one walk in closet and two built in closet. Kitchen plenty of storage with granite countertops. Newly renovated bathroom. Not in a flood zone and low condo fee. Come and make this condo yours!!

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Location


Property Details


Parking

  • Description: No Parking
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Masonry
  • Foundation: Slab
  • Roof Material: Shingle

HOA

  • Association: Key Manor Ameri-Tech

Land Information

  • Land Use: Residential
  • Land Use Subtype: Apartments (general)

Lot Information

  • Parcel ID: 113116465611231050
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1974

Tax Information

  • Annual Tax: $0

Utilities

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

Location

  • County: Pinellas

Listing Details


Listed by:
Dalaing Garrido
MC HOMES REALTY INC
(727) 520-3852

Source:
Stellar MLS
MLS#: TB8399128
Stellar MLS

Investment Summary


Potential Missing Expenses

We noticed that property taxes and HOA fees are missing—these are standard expenses and should be considered in your estimate.

Monthly Cash Flow
$232
Cap Rate
8.3%
Cash-on-Cash Return
9.3%
Debt Coverage Ratio
1.35
Internal Rate of Return (5 years)
13.1%

Purchase Details

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Purchase price:
$129,900
Amount financed:
-$103,920
Down payment:
$25,980
Closing costs:
$3,897
Rehab costs:
$0
Initial cash invested:
$29,877
Square feet:
645
Cost per square foot:
$201
Monthly rent per square foot:
$2.02

Financing Details

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Loan amount:
$103,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$665
Property tax:
$0
Insurance:
$91
Private mortgage insurance (PMI):
$0
Monthly payment:
$756

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,300 $15,600
Vacancy loss: (6%)
6% -$78 -$936
Operating income:
$1,222 $14,664

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$91-$1,092
Property management: (8%)
8%-$104-$1,248
Repairs & maintenance: (5%)
5%-$65-$780
Capital expenditures: (5%)
5%-$65-$780
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$325-$3,900

Cash Flow


Monthly Yearly
Net operating income:
$897 $10,764
Mortgage payments:
-$665 -$7,980
Cash flow:
$232 $2,784