1012 Pearce Dr UNIT 110ClearwaterFL33764
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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
Investment Highlights
Investment property for sale in Clearwater at 1012 Pearce Dr UNIT 110, Clearwater, FL, 33764 uses $59,670 cash to close to unlock $2,898/yr annual cash flow and $242/mo monthly cash flow. Total monthly income runs $1,436/mo, and a $881/mo payment keeps the spread at $242/mo. Purchase price stands at $180,000, and rental yield measures 9.57% with $1,436/mo rent. Return on cash invested shows 24.77% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 129.5% and total cumulative return in cash records $77,273. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,436/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33764, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,526 (100%) |
| Owner Occupied HU | 10,029 (57.2%) |
| Renter Occupied HU | 5,082 (29.0%) |
| Vacant Housing Units | 2,415 (13.8%) |
| Median Home Value | $362,220 |
| Average Home Value | $400,141 |
Housing Distribution
Address Breakdown
Residential
14,688
Single Family
10,183
Multi-Family
4,505
Businesses
561
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Listed by: Darin Dobson • COMPASS FLORIDA LLC
Mls Name: Stellar MLS
Mls ID: #TB8456719