1241 S Lake DrClearwaterFL33756
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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 1241 S Lake Dr, Clearwater, FL, 33756 earns $530/mo cash flow from $3,848/mo rent with a $2,447/mo payment. Total monthly income totals $3,848/mo, and annual cash flow totals $6,362/yr on $165,747 capital. ROI tracks 23.75% on current figures, and rental yield reads 9.24% at a $499,990 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,138 over five years. Five-year ROI reaches 124.03% and total cumulative return in cash sums $205,577. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,848/mo property income instead of your personal income.
Single Family
Built in 1957
9,095 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: Lia Wildman • HOMEFRONT REALTY
Mls Name: Stellar MLS
Mls ID: #TB8428783