500 N Osceola Ave #PENTHOUSE CClearwaterFL33755
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow500 N Osceola Ave #PENTHOUSE C, Clearwater, FL, 33755 in Clearwater carries a 1.91 coverage ratio, rent of $6,598/mo is 1.91 times the $3,458/mo payment. Rental yield 10.3%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $769,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $212,461; total projected cumulative return: $296,092.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 5.2% |
| Monthly Cash Flow | $(59) | $400 |
City averages based on Clearwater market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,598 |
| Total Monthly Debt Service | $6,350 |
| DSCR Ratio | 1.04x |
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
1.84 Acres lot
$N/A/sqft
$1,553 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33755, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,784 (100%) |
| Owner Occupied HU | 5,910 (50.2%) |
| Renter Occupied HU | 4,608 (39.1%) |
| Vacant Housing Units | 1,266 (10.7%) |
| Median Home Value | $393,319 |
| Average Home Value | $513,996 |
Housing Distribution
Address Breakdown
Residential
11,298
Single Family
9,805
Multi-Family
1,493
Businesses
625
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
1.84 Acres lot
$N/A/sqft
$1,553 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33755, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,784 (100%) |
| Owner Occupied HU | 5,910 (50.2%) |
| Renter Occupied HU | 4,608 (39.1%) |
| Vacant Housing Units | 1,266 (10.7%) |
| Median Home Value | $393,319 |
| Average Home Value | $513,996 |
Housing Distribution
Address Breakdown
Residential
11,298
Single Family
9,805
Multi-Family
1,493
Businesses
625
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices