601 N Hercules Ave APT 306ClearwaterFL33765
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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 306, Clearwater, FL, 33765 offers a 9.41% rental yield on a $155,000 purchase with $1,215/mo rent. Total monthly income registers $1,215/mo, and a $759/mo payment leaves $186/mo available for distribution. Annual cash flow reaches $2,232/yr on $51,383 to close, and return on cash invested stands at 24.25% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,824 over five years. Portfolio math shows five-year ROI at 126.84% and total cumulative return in cash at $65,176. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,215/mo property income against a $759/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Kelly Hayden • RE/MAX METRO
Mls Name: Stellar MLS
Mls ID: #TB8410557