320 Island Way APT 102ClearwaterFL33767
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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 320 Island Way APT 102, Clearwater, FL, 33767 listed at $539,900 pairs $4,873/mo rent with a $2,643/mo payment to leave $226/mo cash flow. Total monthly income runs $4,873/mo, and annual cash flow reaches $2,710/yr on $177,627 cash to close. Return on cash invested measures 21.59% in year one, and rental yield registers 10.83% at a $539,900 basis. Equity gained on principal adds $3,484/yr, and annual property appreciation at 5% supports $149,164 by year five. Five-year ROI tracks 115% and total cumulative return in cash totals $204,271. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,873/mo property income relative to a $2,643/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1994
1.57 Acres lot
$N/A/sqft
$946 monthly 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: Marisa Brewer • PREFERRED PROPERTY ASSOC INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8363142
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511