897 Lantern WayClearwaterFL33765
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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 897 Lantern Way, Clearwater, FL, 33765 offers a 9.89% rental yield on a $365,000 purchase with $3,007/mo rent. Total monthly income registers $3,007/mo, and a $1,786/mo payment leaves $585/mo available for distribution. Annual cash flow reaches $7,023/yr on $120,998 to close, and return on cash invested stands at 25.71% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 134.58% and total cumulative return in cash at $162,835. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,007/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Andy Burwell, Jr • BURWELL REAL ESTATE
Mls Name: Stellar MLS
Mls ID: #TB8399310