2400 Feather Sound Dr APT 1317ClearwaterFL33762
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 2400 Feather Sound Dr APT 1317, Clearwater, FL, 33762 in Clearwater is the 1.83 coverage ratio: rent of $2,588/mo versus a $1,414/mo debt payment on a $314,560 property. Rental yield 9.87%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $86,907 by year five, with $2,897/yr in equity from paydown. Total projected cumulative return: $111,729.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 5.2% |
| Monthly Cash Flow | $(172) | $400 |
City averages based on Clearwater market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,588 |
| Total Monthly Debt Service | $2,635 |
| DSCR Ratio | 0.98x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 1992
25.15 Acres lot
$N/A/sqft
$610 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33762, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,072 (100%) |
| Owner Occupied HU | 1,918 (62.4%) |
| Renter Occupied HU | 956 (31.1%) |
| Vacant Housing Units | 198 ( 6.4%) |
| Median Home Value | $483,262 |
| Average Home Value | $569,335 |
Housing Distribution
Address Breakdown
Residential
3,139
Single Family
2,089
Multi-Family
1,050
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
Condo
Built in 1992
25.15 Acres lot
$N/A/sqft
$610 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33762, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,072 (100%) |
| Owner Occupied HU | 1,918 (62.4%) |
| Renter Occupied HU | 956 (31.1%) |
| Vacant Housing Units | 198 ( 6.4%) |
| Median Home Value | $483,262 |
| Average Home Value | $569,335 |
Housing Distribution
Address Breakdown
Residential
3,139
Single Family
2,089
Multi-Family
1,050
Businesses
1,229
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TJ Tahri • CHARLES RUTENBERG REALTY INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #U8242298
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