2222 Norwegian Dr APT 48ClearwaterFL33763
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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 2222 Norwegian Dr APT 48, Clearwater, FL, 33763 earns $622/mo cash flow from $2,507/mo rent with a $1,390/mo payment. Total monthly income totals $2,507/mo, and annual cash flow totals $7,468/yr on $94,146 capital. ROI tracks 27.84% on current figures, and rental yield reads 10.59% at a $284,000 purchase. Equity gained on principal adds $1,833/yr, and 5% annual appreciation supports $78,464 over five years. Five-year ROI reaches 146.01% and total cumulative return in cash sums $137,465. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,507/mo property income instead of your personal income.
Condo
Built in 1993
N/A 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: Chris McDonald • MAINLANDS REAL ESTATE INC
Mls Name: Stellar MLS
Mls ID: #TB8434276