4215 E Bay Dr APT 1701BClearwaterFL33764
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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 4215 E Bay Dr APT 1701B, Clearwater, FL, 33764 generates $865/mo in rent and, after a $553/mo payment, leaves $115/mo in cash flow. Total monthly income is $865/mo, and annual cash flow is $1,382/yr on $37,458 invested. Return on cash invested sits at 23.6% in year one, and rental yield is 9.19% on a $112,995 entry. Equity gained on principal adds $729/yr, while 5% annual appreciation builds toward $31,218 over five years. Five-year ROI reaches 123.35% and total cumulative return in cash sums $46,204. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $865/mo property income rather than buyer’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33764, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,526 (100%) |
| Owner Occupied HU | 10,029 (57.2%) |
| Renter Occupied HU | 5,082 (29.0%) |
| Vacant Housing Units | 2,415 (13.8%) |
| Median Home Value | $362,220 |
| Average Home Value | $400,141 |
Housing Distribution
Address Breakdown
Residential
14,688
Single Family
10,183
Multi-Family
4,505
Businesses
561
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Listed by: Christopher Gabbard • LPT REALTY, LLC
Mls Name: Stellar MLS
Mls ID: #TB8460293