349 S McMullen Booth Rd APT 128ClearwaterFL33759
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 349 S McMullen Booth Rd APT 128, Clearwater, FL, 33759 in Clearwater speaks for itself: 23.39% gross on a $104,900 price, generating $2,045/mo in rent and $1,349/mo in net income after the $472/mo debt service. DSCR 4.33, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $16,184 stacks alongside $28,982 in projected five-year appreciation and $966/yr in principal reduction. Projected total cumulative return: $126,810.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 23.4% | 5.2% |
| Monthly Cash Flow | $1,349 | $400 |
City averages based on Clearwater market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,045 |
| Total Monthly Debt Service | $654 |
| DSCR Ratio | 3.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1974
12.43 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
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
Condo
Built in 1974
12.43 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pam Potoczek • EXP REALTY LLC
Mls Name: Stellar MLS
Mls ID: #TB8416516