1838 Lombardy DrClearwaterFL33755
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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 1838 Lombardy Dr, Clearwater, FL, 33755 uses $139,197 cash to close to unlock $2,792/yr annual cash flow and $233/mo monthly cash flow. Total monthly income runs $3,019/mo, and a $2,055/mo payment keeps the spread at $233/mo. Purchase price stands at $419,900, and rental yield measures 8.63% with $3,019/mo rent. Return on cash invested shows 21.91% in year one, and 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 114.18% and total cumulative return in cash records $158,940. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,019/mo property income covering a $2,055/mo payment rather than investor’s personal income.
Single Family
Built in 1961
7,719 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: Kim Sobecki • RE/MAX REALTEC GROUP INC
Mls Name: Stellar MLS
Mls ID: #TB8434565