223 Island Way #6DClearwaterFL33767
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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
Rental property for sale in Clearwater at 223 Island Way #6D, Clearwater, FL, 33767 generates $3,774/mo in rent and, after a $2,692/mo payment, leaves $124/mo in cash flow. Total monthly income is $3,774/mo, and annual cash flow is $1,489/yr on $180,950 invested. Return on cash invested sits at 20.88% in year one, and rental yield is 8.23% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 108.65% and total cumulative return in cash sums $196,594. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,774/mo property income rather than buyer’s personal income.
Condo
Built in 1961
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33767, Clearwater Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,688 (100%) |
| Owner Occupied HU | 3,972 (45.7%) |
| Renter Occupied HU | 814 ( 9.4%) |
| Vacant Housing Units | 3,902 (44.9%) |
| Median Home Value | $809,154 |
| Average Home Value | $988,255 |
Housing Distribution
Address Breakdown
Residential
7,614
Single Family
1,763
Multi-Family
5,851
Businesses
358
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Listed by: Victor Adamo • COLDWELL BANKER PICKETT FENCES REALTY
Mls Name: Stellar MLS
Mls ID: #TB8450999