1662 S Lake Ave APT 6ClearwaterFL33756
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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 1662 S Lake Ave APT 6, Clearwater, FL, 33756 listed at $174,900 pairs $1,337/mo rent with a $856/mo payment to leave $176/mo cash flow. Total monthly income runs $1,337/mo, and annual cash flow reaches $2,117/yr on $57,979 cash to close. Return on cash invested measures 23.56% in year one, and rental yield registers 9.17% at a $174,900 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,322 by year five. Five-year ROI tracks 123.04% and total cumulative return in cash totals $71,340. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,337/mo property income relative to a $856/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
2.77 Acres 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: Margie Pretzman • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #TB8463500