1211 S Lake DrClearwaterFL33756
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 1211 S Lake Dr, Clearwater, FL, 33756 in Clearwater hard to pass up. The 10.54% gross yield on a $309,000 purchase results in $2,714/mo in rent and $664/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.95). Annual cash flow of $7,966, five-year appreciation of $85,371, and $2,846/yr in equity build-up combine for a projected total cumulative return of $160,484.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 5.2% |
| Monthly Cash Flow | $664 | $400 |
City averages based on Clearwater market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,714 |
| Total Monthly Debt Service | $1,928 |
| DSCR Ratio | 1.41x |
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.
Single Family
Built in 1959
10,668 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33756, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,802 (100%) |
| Owner Occupied HU | 8,655 (51.5%) |
| Renter Occupied HU | 6,010 (35.8%) |
| Vacant Housing Units | 2,137 (12.7%) |
| Median Home Value | $416,941 |
| Average Home Value | $528,669 |
Housing Distribution
Address Breakdown
Residential
15,099
Single Family
10,738
Multi-Family
4,361
Businesses
1,130
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
Single Family
Built in 1959
10,668 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33756, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,802 (100%) |
| Owner Occupied HU | 8,655 (51.5%) |
| Renter Occupied HU | 6,010 (35.8%) |
| Vacant Housing Units | 2,137 (12.7%) |
| Median Home Value | $416,941 |
| Average Home Value | $528,669 |
Housing Distribution
Address Breakdown
Residential
15,099
Single Family
10,738
Multi-Family
4,361
Businesses
1,130
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Stellar MLS
Mls ID: #TB8483765