511 Island WayClearwaterFL33767
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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 511 Island Way, Clearwater, FL, 33767 priced at $1,899,000 converts $5,998/mo rent into after a $9,295/mo obligation. Total monthly income equals $5,998/mo. Return on cash invested prints 7.49% in year one, and rental yield reads 3.79% against a $1,899,000 entry. Equity gained on principal adds $12,254/yr, while 5% annual appreciation compiles into $524,659 by year five. Five-year ROI reaches 36.74% and total cumulative return in cash sums $226,057. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,998/mo property income covering a $9,295/mo payment, not borrower’s personal income.
Single Family
Built in 1968
0.29 Acres 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: Michelle Chenault • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #TB8392271