4500 Great Lakes Dr SClearwaterFL33762
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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 4500 Great Lakes Dr S, Clearwater, FL, 33762 offers $2,782/mo rent that, after a $2,019/mo payment, leaves $45/mo cash flow. Total monthly income is $2,782/mo, and annual cash flow is $535/yr on $136,744 cash. Return on cash invested measures 20.3% in year one, and rental yield stands at 8.09% at a $412,500 entry. Equity gained on principal adds $2,662/yr while 5% annual appreciation compounds into $113,966 by year five. Five-year ROI records 105.52% and total cumulative return in cash reaches $144,292. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,782/mo property income versus a $2,019/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
8,708 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33762, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,072 (100%) |
| Owner Occupied HU | 1,918 (62.4%) |
| Renter Occupied HU | 956 (31.1%) |
| Vacant Housing Units | 198 ( 6.4%) |
| Median Home Value | $483,262 |
| Average Home Value | $569,335 |
Housing Distribution
Address Breakdown
Residential
3,139
Single Family
2,089
Multi-Family
1,050
Businesses
1,229
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Listed by: Ginny Lamrouex • STRONG REALTY GROUP
Mls Name: Stellar MLS
Mls ID: #TB8382781