2434 Australia Way E APT 50ClearwaterFL33763
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 2434 Australia Way E APT 50, Clearwater, FL, 33763 in Clearwater is narrow, $30/mo net on $1,397/mo rent after the $977/mo debt service, but the property operates at break-even-plus, not a loss. At $206,000 with a 8.14% yield, the long-run equity case via 5% appreciation ($56,914 over five years) and $1,727/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.43 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $76,589.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 5.2% |
| Monthly Cash Flow | $30 | $400 |
City averages based on Clearwater market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,397 |
| Total Monthly Debt Service | $1,335 |
| DSCR Ratio | 1.05x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1968
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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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
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Listed by: Carrie Moreno • ON TOP OF THE WORLD RE
Mls Name: Stellar MLS
Mls ID: #TB8447613
