1196 Mission Cir Unit 46-EClearwaterFL33759
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 1196 Mission Cir Unit 46-E, Clearwater, FL, 33759 in Clearwater achieves 1.78, rent of $1,124/mo covers the $630/mo payment 1.5x over at $140,000. Rental yield 9.63%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $38,679 over five years, with $1,289/yr in principal reduction bringing total projected return to $65,916.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 5.2% |
| Monthly Cash Flow | $(326) | $400 |
City averages based on Clearwater market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,124 |
| Total Monthly Debt Service | $873 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33759, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,229 (100%) |
| Owner Occupied HU | 4,632 (45.3%) |
| Renter Occupied HU | 4,529 (44.3%) |
| Vacant Housing Units | 1,068 (10.4%) |
| Median Home Value | $441,533 |
| Average Home Value | $496,625 |
Housing Distribution
Address Breakdown
Residential
8,947
Single Family
5,798
Multi-Family
3,149
Businesses
572
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33759, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,229 (100%) |
| Owner Occupied HU | 4,632 (45.3%) |
| Renter Occupied HU | 4,529 (44.3%) |
| Vacant Housing Units | 1,068 (10.4%) |
| Median Home Value | $441,533 |
| Average Home Value | $496,625 |
Housing Distribution
Address Breakdown
Residential
8,947
Single Family
5,798
Multi-Family
3,149
Businesses
572
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lilibeth Garcia • LA ROSA REALTY, LLC
Mls Name: Stellar MLS
Mls ID: #TB8469498