736 Island Way APT 604ClearwaterFL33767
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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 736 Island Way APT 604, Clearwater, FL, 33767 earns from $4,392/mo rent with a $3,744/mo payment. Total monthly income totals $4,392/mo. ROI tracks 16.8% on current figures, and rental yield reads 6.89% at a $765,000 purchase. Equity gained on principal adds $4,936/yr, and 5% annual appreciation supports $211,355 over five years. Five-year ROI reaches 86.71% and total cumulative return in cash sums $218,243. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,392/mo property income instead of your personal income.
Condo
Built in 1974
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: Kathie Lea • EXP REALTY
Mls Name: Stellar MLS
Mls ID: #TB8417372