2438 Enterprise Rd #6ClearwaterFL33763
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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 2438 Enterprise Rd #6, Clearwater, FL, 33763 priced at $159,900 converts $1,281/mo rent into $220/mo cash flow after a $783/mo obligation. Total monthly income equals $1,281/mo, and annual cash flow totals $2,634/yr on $53,007 invested. Return on cash invested prints 24.88% in year one, and rental yield reads 9.61% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 130.12% and total cumulative return in cash sums $68,970. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,281/mo property income covering a $783/mo payment, not borrower’s personal income.
Condo
Built in 1986
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: Denise Singleton • BHHS FLORIDA PROPERTIES GROUP
Mls Name: Stellar MLS
Mls ID: #T3548862