1216 Franklin CirClearwaterFL33756
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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 1216 Franklin Cir, Clearwater, FL, 33756 uses $99,417 cash to close to unlock $32/yr annual cash flow and $3/mo monthly cash flow. Total monthly income runs $1,993/mo, and a $1,468/mo payment keeps the spread at $3/mo. Purchase price stands at $299,900, and rental yield measures 7.97% with $1,993/mo rent. Return on cash invested shows 19.94% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 103.62% and total cumulative return in cash records $103,012. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,993/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Multi Family
Built in 1957
4,866 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
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Listed by: Carolina Grainger • KELLER WILLIAMS ST PETE REALTY
Mls Name: Stellar MLS
Mls ID: #TB8407617