2254 Norwegian Dr APT 8ClearwaterFL33763
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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 2254 Norwegian Dr APT 8, Clearwater, FL, 33763 offers a 8.62% rental yield on a $315,000 purchase with $2,262/mo rent. Total monthly income registers $2,262/mo, and a $1,542/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,056/yr on $104,423 to close, and return on cash invested stands at 21.88% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 114.01% and total cumulative return in cash at $119,057. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,262/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1983
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: Fran Bartlett • REALTY CONCEPTS OF PINELLAS
Mls Name: Stellar MLS
Mls ID: #TB8417165