2939 Chancery LnClearwaterFL33759
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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 2939 Chancery Ln, Clearwater, FL, 33759 priced at $1,099,000 converts $3,718/mo rent into after a $5,379/mo obligation. Total monthly income equals $3,718/mo. Return on cash invested prints 8.32% in year one, and rental yield reads 4.06% against a $1,099,000 entry. Equity gained on principal adds $7,092/yr, while 5% annual appreciation compiles into $303,633 by year five. Five-year ROI reaches 41.2% and total cumulative return in cash sums $146,706. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,718/mo property income covering a $5,379/mo payment, not borrower’s personal income.
Single Family
Built in 1988
0.40 Acres 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
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Listed by: Greta Oliva • BISHA REAL ESTATE & CONSULTING, LLC
Mls Name: Stellar MLS
Mls ID: #TB8427079