31 Island Way APT 409ClearwaterFL33767
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 31 Island Way APT 409, Clearwater, FL, 33767 earns $621/mo cash flow from $3,574/mo rent with a $2,178/mo payment. Total monthly income totals $3,574/mo, and annual cash flow totals $7,452/yr on $147,518 capital. ROI tracks 24.96% on current figures, and rental yield reads 9.64% at a $445,000 purchase. Equity gained on principal adds $2,872/yr, and 5% annual appreciation supports $122,945 over five years. Five-year ROI reaches 130.51% and total cumulative return in cash sums $192,524. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,574/mo property income instead of your personal income.
Condo
Built in 1962
2.81 Acres 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: Lindsay Irwin • COASTAL PROPERTIES GROUP INTERNATIONAL
Mls Name: Stellar MLS
Mls ID: #TB8451462