487 Island WayClearwaterFL33767
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
Investment Highlights
Rental property for sale in Clearwater at 487 Island Way, Clearwater, FL, 33767 priced at $1,569,789 pairs $4,762/mo rent with after a $7,683/mo payment. Total monthly income equals $4,762/mo. Return on cash invested is 7.03% in year one, and rental yield stands at 3.64% on a $1,569,789 basis. Equity gained on principal adds $10,130/yr, and 5% annual appreciation accumulates to $433,704 by year five. Five-year ROI measures 34.26% and total cumulative return in cash reaches $174,274. For financing, Ziffy Mortgage’s DSCR program evaluates $4,762/mo property income against a $7,683/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
10,293 sqft lot
$N/A/sqft
No 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: Cuc Dinh • DALTON WADE INC
Mls Name: Stellar MLS
Mls ID: #TB8426339