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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Clearwater at 415 Island Way #511, Clearwater, FL, 33767 generates $6,948/mo in rent and, after a $4,405/mo payment, leaves $215/mo in cash flow. Total monthly income is $6,948/mo, and annual cash flow is $2,576/yr on $296,067 invested. Return on cash invested sits at 20.93% in year one, and rental yield is 9.27% on a $899,900 entry. Equity gained on principal adds $5,807/yr, while 5% annual appreciation builds toward $248,626 over five years. Five-year ROI reaches 109.99% and total cumulative return in cash sums $325,648. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,948/mo property income rather than buyer’s personal income.
Condo
Built in 2023
0.60 Acres lot
$N/A/sqft
$761 monthly HOA
Neighborhood data shown for ZIP Code: 33767, Clearwater Beach, FL area.
| 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 |
Residential
7,614
Single Family
1,763
Multi-Family
5,851
Businesses
358
Date | Event | Price |
|---|---|---|
| 2025-04-25 | Listed for sale | $899,900 |
| 2023-08-27 | Listing removed | N/A |
| 2023-08-24 | Price change | $4,299 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-25 | $1474.63 | N/A | $76,500 | N/A |
Listed by: Michelle Johncola • RE/MAX ELITE REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8378872
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
