707 Hoover Dike Rd APT 904ClewistonFL33440
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 707 Hoover Dike Rd APT 904, Clewiston, FL, 33440 in Clewiston. Priced at $220,000, it generates $2,100/mo in gross rent and $640/mo in net monthly cash flow, a 11.45% yield that comfortably supports the 2.12 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $7,680. Five-year appreciation: $60,782. Equity from principal paydown: $2,026/yr. Total projected cumulative return: $125,066.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 6.0% |
| Monthly Cash Flow | $640 | $150 |
City averages based on Clewiston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,100 |
| Total Monthly Debt Service | $1,372 |
| DSCR Ratio | 1.53x |
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 1990
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33440, Clewiston, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,274 (100%) |
| Owner Occupied HU | 5,124 (61.9%) |
| Renter Occupied HU | 2,060 (24.9%) |
| Vacant Housing Units | 1,090 (13.2%) |
| Median Home Value | $201,570 |
| Average Home Value | $268,336 |
Housing Distribution
Address Breakdown
Residential
6,202
Single Family
4,634
Multi-Family
1,568
Businesses
525
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 1990
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33440, Clewiston, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,274 (100%) |
| Owner Occupied HU | 5,124 (61.9%) |
| Renter Occupied HU | 2,060 (24.9%) |
| Vacant Housing Units | 1,090 (13.2%) |
| Median Home Value | $201,570 |
| Average Home Value | $268,336 |
Housing Distribution
Address Breakdown
Residential
6,202
Single Family
4,634
Multi-Family
1,568
Businesses
525
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices