11535 Shipwatch Way APT 1026, Largo, FL, 33774 | $600/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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11535 Shipwatch Way APT 1026, Largo, FL, 33774 | $600/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Largo at 11535 Shipwatch Way APT 1026, Largo, FL, 33774 earns $600/mo cash flow from $3,587/mo rent with a $2,203/mo payment. Total monthly income totals $3,587/mo, and annual cash flow totals $7,203/yr on $149,175 capital. ROI tracks 24.74% on current figures, and rental yield reads 9.57% at a $450,000 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 over five years. Five-year ROI reaches 129.34% and total cumulative return in cash sums $192,942. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,587/mo property income instead of your personal income.

Condo

Built in 1994

N/A lot

$N/A/sqft

No HOA

More details about the property

One or more photo(s) has been virtually staged. Introducing a ONE OF A KIND condo in Shipwatch Yacht and Tennis club one of ONLY 9 Ground Floor Villas with a Private Garage and Rear deck FACING THE INTRACOASTAL WATERWAY! There are many Thoughtful, Tasteful, and HIGH QUALITY IMPROVEMENTS in this Move-in Ready condo! The Open Floor Plan begins with the Heart of the Home the KITCHEN! Beautifully updated with White Shaker Cabinets, PREMIUM QUARTZ COUNTER AND BACKSPLASH, and ADDITIONAL CABINETS AND SHELVES along the left wall. A large window lets in Natural Light and a Courtyard View. Move seamlessly into the great room sure to impress with decorator TILE FLOORS, textured ceiling, ADDITIONAL CUSTOM STORAGE OPTIONS and Sliders to the Lanai. The Spacious PRIMARY RETREAT FACES THE INTRACOASTAL with TWO WALK-IN CLOSETS and updated En Suite Bath featuring COMFORT HEIGHT VANITY with Two Sinks and Walk-in Shower with Frameless Enclosure. The Second Bedroom is roomy and comfortable with a CUSTOM MURPHY BED, perfect for guests or a home office. The Guest Bath is fully UPDATED with a Tub/Shower Combination. Options for Outdoor Living include the LANDSCAPED COURTYARD at the front entry, the LANAI at the rear which can be OPEN OR ENCLOSED based on your preference, and an Open Rear Deck facing a Lawn Area and the INTRACOASTAL - such a Serene Oasis! Additional STANDOUT FEATURES are the IMPACT RATED Doors and Windows and the PRIVATE GARAGE providing you with SECURE AND CONVENIENT Parking and Storage, and Full ADT Set-up, Nest, DoorBell with Camera/Motion. Your Community Amenities include 54+ acres of landscaped property with ponds and walking paths, 1 waterfront pool, 1 HEATED POOL AND SPA, 11 Har-Tru Tennis Courts, PICKLEBALL COURTS, Fitness Room, 2 Clubhouses, and Marina with Day Slip. The beaches, restaurants, and shopping are just minutes away. Dont miss the opportunity to own this UNIQUE CONDO- Shipwatch is a great place to call home! Visit today, you will not be disappointed!

Neighborhood Data

Neighborhood data shown for ZIP Code: 33774, Largo, FL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,111 (100%)
Owner Occupied HU	6,154 (60.9%)
Renter Occupied HU	2,348 (23.2%)
Vacant Housing Units	1,609 (15.9%)
Median Home Value	$409,530
Average Home Value	$467,189