1948 Ridgewood DrClearwaterFL33763
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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 1948 Ridgewood Dr, Clearwater, FL, 33763 uses $109,395 cash to close to unlock $4,179/yr annual cash flow and $348/mo monthly cash flow. Total monthly income runs $2,538/mo, and a $1,615/mo payment keeps the spread at $348/mo. Purchase price stands at $330,000, and rental yield measures 9.23% with $2,538/mo rent. Return on cash invested shows 23.73% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 123.94% and total cumulative return in cash records $135,587. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,538/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 1955
6,181 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33763, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,678 (100%) |
| Owner Occupied HU | 7,996 (63.1%) |
| Renter Occupied HU | 2,999 (23.7%) |
| Vacant Housing Units | 1,683 (13.3%) |
| Median Home Value | $302,679 |
| Average Home Value | $345,380 |
Housing Distribution
Address Breakdown
Residential
10,816
Single Family
4,534
Multi-Family
6,282
Businesses
303
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Listed by: Brandon Anderson • FUTURE HOME REALTY INC
Mls Name: Stellar MLS
Mls ID: #TB8404218