1417 Spring LnClearwaterFL33755
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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 1417 Spring Ln, Clearwater, FL, 33755 uses $120,964 cash to close to unlock $2,742/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $2,650/mo, and a $1,786/mo payment keeps the spread at $228/mo. Purchase price stands at $364,900, and rental yield measures 8.71% with $2,650/mo rent. Return on cash invested shows 22.18% in year one, and 5% annual appreciation builds toward $100,815 over five years. Five-year ROI reaches 115.6% and total cumulative return in cash records $139,836. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,650/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1968
5,998 sqft 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: Diane Costello • CHARLES RUTENBERG REALTY INC
Mls Name: Stellar MLS
Mls ID: #TB8463984