1345 Drew St APT 1ClearwaterFL33755
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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 1345 Drew St APT 1, Clearwater, FL, 33755 uses $36,465 cash to close to unlock $1,373/yr annual cash flow and $114/mo monthly cash flow. Total monthly income runs $844/mo, and a $538/mo payment keeps the spread at $114/mo. Purchase price stands at $110,000, and rental yield measures 9.21% with $844/mo rent. Return on cash invested shows 23.67% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 123.73% and total cumulative return in cash records $45,120. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $844/mo property income covering a $538/mo payment rather than investor’s personal income.
Condo
Built in 1964
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33755, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,784 (100%) |
| Owner Occupied HU | 5,910 (50.2%) |
| Renter Occupied HU | 4,608 (39.1%) |
| Vacant Housing Units | 1,266 (10.7%) |
| Median Home Value | $393,319 |
| Average Home Value | $513,996 |
Housing Distribution
Address Breakdown
Residential
11,298
Single Family
9,805
Multi-Family
1,493
Businesses
625
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Listed by: Christopher Bohr • BOHR REAL ESTATE AND AUCTIONS LLC
Mls Name: Stellar MLS
Mls ID: #TB8446689