601 N Hercules Ave APT 1002ClearwaterFL33765
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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
Investment property for sale in Clearwater at 601 N Hercules Ave APT 1002, Clearwater, FL, 33765 uses $53,670 cash to close to unlock $2,700/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $1,299/mo, and a $792/mo payment keeps the spread at $225/mo. Purchase price stands at $161,900, and rental yield measures 9.63% with $1,299/mo rent. Return on cash invested shows 24.94% in year one, and 5% annual appreciation builds toward $44,730 over five years. Five-year ROI reaches 130.51% and total cumulative return in cash records $70,042. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,299/mo property income covering a $792/mo payment rather than investor’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33765, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,763 (100%) |
| Owner Occupied HU | 2,760 (47.9%) |
| Renter Occupied HU | 2,507 (43.5%) |
| Vacant Housing Units | 496 ( 8.6%) |
| Median Home Value | $368,454 |
| Average Home Value | $443,308 |
Housing Distribution
Address Breakdown
Residential
6,249
Single Family
4,269
Multi-Family
1,980
Businesses
1,229
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Listed by: Antonio Nouer • LA ROSA REALTY LLC
Mls Name: Stellar MLS
Mls ID: #S5132960