2401 Gull Ct #202LClearwaterFL33762
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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 2401 Gull Ct #202L, Clearwater, FL, 33762 offers a 11.42% rental yield on a $255,000 purchase with $2,426/mo rent. Total monthly income registers $2,426/mo, and a $1,248/mo payment leaves $734/mo available for distribution. Annual cash flow reaches $8,806/yr on $84,533 to close, and return on cash invested stands at 30.33% in year one. Equity gained on principal adds $1,645/yr while 5% annual appreciation supports $70,452 over five years. Portfolio math shows five-year ROI at 159.3% and total cumulative return in cash at $134,660. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,426/mo property income against a $1,248/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
No 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
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Listed by: Jenn Cook • COASTAL PROPERTIES GROUP INTER
Mls Name: Stellar MLS
Mls ID: #TB8465576