31 Island Way APT 303ClearwaterFL33767
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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
Investment property for sale in Clearwater at 31 Island Way APT 303, Clearwater, FL, 33767 uses $82,544 cash to close to unlock $1,108/yr annual cash flow and $92/mo monthly cash flow. Total monthly income runs $1,745/mo, and a $1,219/mo payment keeps the spread at $92/mo. Purchase price stands at $249,000, and rental yield measures 8.41% with $1,745/mo rent. Return on cash invested shows 21.25% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 110.66% and total cumulative return in cash records $91,340. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,745/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Condo
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33767, Clearwater Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,688 (100%) |
| Owner Occupied HU | 3,972 (45.7%) |
| Renter Occupied HU | 814 ( 9.4%) |
| Vacant Housing Units | 3,902 (44.9%) |
| Median Home Value | $809,154 |
| Average Home Value | $988,255 |
Housing Distribution
Address Breakdown
Residential
7,614
Single Family
1,763
Multi-Family
5,851
Businesses
358
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Listed by: Ralph Harvey • LISTWITHFREEDOM.COM
Mls Name: Stellar MLS
Mls ID: #W7881657