247 S McMullen Booth Rd APT 23ClearwaterFL33759
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
Rental property for sale in Clearwater at 247 S McMullen Booth Rd APT 23, Clearwater, FL, 33759 priced at $124,000 converts $971/mo rent into $148/mo cash flow after a $607/mo obligation. Total monthly income equals $971/mo, and annual cash flow totals $1,776/yr on $41,106 invested. Return on cash invested prints 24.23% in year one, and rental yield reads 9.4% against a $124,000 entry. Equity gained on principal adds $800/yr, while 5% annual appreciation compiles into $34,259 by year five. Five-year ROI reaches 126.73% and total cumulative return in cash sums $52,095. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $971/mo property income covering a $607/mo payment, not borrower’s personal income.
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: Jacy Jarrell • BLAKE REAL ESTATE INC
Mls Name: Stellar MLS
Mls ID: #TB8450209