217 Evelyn AveClearwaterFL33765
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.52% yield at 217 Evelyn Ave, Clearwater, FL, 33765 in Clearwater is solid, but the $1,835/mo payment compresses net cash flow to $190/mo at $408,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $112,723 by year five, and $3,758/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.58) without U.S. income documentation. Total projected return: $167,757.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 5.2% |
| Monthly Cash Flow | $190 | $400 |
City averages based on Clearwater market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,898 |
| Total Monthly Debt Service | $2,545 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1959
9,679 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33765, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,763 (100%) |
| Owner Occupied HU | 2,760 (47.9%) |
| Renter Occupied HU | 2,507 (43.5%) |
| Vacant Housing Units | 496 ( 8.6%) |
| Median Home Value | $368,454 |
| Average Home Value | $443,308 |
Housing Distribution
Address Breakdown
Residential
6,249
Single Family
4,269
Multi-Family
1,980
Businesses
1,229
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1959
9,679 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33765, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,763 (100%) |
| Owner Occupied HU | 2,760 (47.9%) |
| Renter Occupied HU | 2,507 (43.5%) |
| Vacant Housing Units | 496 ( 8.6%) |
| Median Home Value | $368,454 |
| Average Home Value | $443,308 |
Housing Distribution
Address Breakdown
Residential
6,249
Single Family
4,269
Multi-Family
1,980
Businesses
1,229
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Stellar MLS
Mls ID: #TB8441427