245 S McMullen Booth Rd APT 18ClearwaterFL33759
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
Investment Highlights
Investment property for sale in Clearwater at 245 S McMullen Booth Rd APT 18, Clearwater, FL, 33759 offers a 9.35% rental yield on a $112,900 purchase with $880/mo rent. Total monthly income registers $880/mo, and a $553/mo payment leaves $130/mo available for distribution. Annual cash flow reaches $1,564/yr on $37,426 to close, and return on cash invested stands at 24.09% in year one. Equity gained on principal adds $729/yr while 5% annual appreciation supports $31,192 over five years. Portfolio math shows five-year ROI at 125.97% and total cumulative return in cash at $47,146. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $880/mo property income against a $553/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33759, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,229 (100%) |
| Owner Occupied HU | 4,632 (45.3%) |
| Renter Occupied HU | 4,529 (44.3%) |
| Vacant Housing Units | 1,068 (10.4%) |
| Median Home Value | $441,533 |
| Average Home Value | $496,625 |
Housing Distribution
Address Breakdown
Residential
8,947
Single Family
5,798
Multi-Family
3,149
Businesses
572
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meredith Johnson • REALTY EXPERTS
Mls Name: Stellar MLS
Mls ID: #TB8433600