828 Lantern Way #828ClearwaterFL33765
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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
Rental property for sale in Clearwater at 828 Lantern Way #828, Clearwater, FL, 33765 generates $2,060/mo in rent, after a $2,055/mo payment. Total monthly income is $2,060/mo. Return on cash invested sits at 13.65% in year one, and rental yield is 5.89% on a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 69.85% and total cumulative return in cash sums $97,236. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,060/mo property income rather than buyer’s personal income.
Condo
Built in 2007
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: Donna Nettestad • RE/MAX ACTION FIRST OF FLORIDA
Mls Name: Stellar MLS
Mls ID: #TB8427373