660 Island Way APT 708ClearwaterFL33767
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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 660 Island Way APT 708, Clearwater, FL, 33767 uses $127,628 cash to close to unlock $11,442/yr annual cash flow and $953/mo monthly cash flow. Total monthly income runs $3,508/mo, and a $1,884/mo payment keeps the spread at $953/mo. Purchase price stands at $385,000, and rental yield measures 10.93% with $3,508/mo rent. Return on cash invested shows 28.87% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 151.52% and total cumulative return in cash records $193,378. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,508/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Condo
Built in 1976
N/A 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: #TB8415708