1381 N McMullen Booth Rd #1381ClearwaterFL33759
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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 1381 N McMullen Booth Rd #1381, Clearwater, FL, 33759 uses $104,423 cash to close to unlock $1,528/yr annual cash flow and $127/mo monthly cash flow. Total monthly income runs $2,218/mo, and a $1,542/mo payment keeps the spread at $127/mo. Purchase price stands at $315,000, and rental yield measures 8.45% with $2,218/mo rent. Return on cash invested shows 21.37% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 111.3% and total cumulative return in cash records $116,225. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,218/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Condo
Built in 1983
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
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Listed by: Daniel Koutsoumbaris • SERENE HOMES REALTY
Mls Name: Stellar MLS
Mls ID: #TB8462573