31 Island Way APT 505ClearwaterFL33767
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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 31 Island Way APT 505, Clearwater, FL, 33767 offers $1,817/mo rent that, after a $1,248/mo payment, leaves $125/mo cash flow. Total monthly income is $1,817/mo, and annual cash flow is $1,498/yr on $84,533 cash. Return on cash invested measures 21.68% in year one, and rental yield stands at 8.55% at a $255,000 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,452 by year five. Five-year ROI records 112.94% and total cumulative return in cash reaches $95,468. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,817/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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: Evan Pedone • ENGEL & VOLKERS MADEIRA BEACH
Mls Name: Stellar MLS
Mls ID: #TB8436759