Clearwater, FL — Rental Investment Analysis

🟡MODERATE— average returns

Cap Rate

5.2%

Below average

Monthly Cash Flow

-$361

After all expenses

Price-to-Rent

11.9

Investor-friendly

DSCR

0.82

Fails

📊 Key Metrics

Median Home Price: $344,625
Average Rent (3BR): $2,560/mo
Price-to-Rent Ratio: 11.9(good)
1% Rule: 0.70%(fails — need 1%+)
Cash-on-Cash Return: -5.1%
Vacancy Rate: 8.0%

📈 Market Strength

Unemployment Rate: 4.8%(+0.5% vs national)
Rent Growth (YoY): +2.9%(national avg)
Population Growth: +5.6% YoY

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

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Property Tax Rate

0.86%

of assessed value (FL avg)

Median Income

$63,062

household (FL avg)

Rent-to-Income

48.7%

Stretched

Section 8 Max Rent

$2,560/mo

3BR voucher payment

🏛️ FL Investor Climate

Landlord Friendly

8/10

State Income Tax

✅ None

Property Tax

0.86% effective

Population Trend

+5.6% (3yr)

🏘️ Best Zip Codes in Clearwater for Investors

33763

Cap Rate: 9.7%Cash Flow: +$542/mo$198,285

33762

Cap Rate: 7.5%Cash Flow: +$282/mo$302,539

33761

Cap Rate: 6.3%Cash Flow: -$14/mo$313,631

All Zip Codes in Clearwater

Zip	Cap Rate	Cash Flow	Home Price	Rent (3BR)	DSCR
33763	9.7%	+$542	$198,285	$2,290/mo	1.51
33762	7.5%	+$282	$302,539	$2,830/mo	1.17
33761	6.3%	-$14	$313,631	$2,560/mo	0.99
33759	6.1%	-$92	$344,625	$2,720/mo	0.95
33764	5.2%	-$361	$367,563	$2,580/mo	0.82
33765	4.9%	-$441	$346,480	$2,310/mo	0.76
33755	4.5%	-$518	$338,516	$2,150/mo	0.71
33756	4.5%	-$581	$360,046	$2,250/mo	0.70
33767	3.3%	-$1,826	$700,423	$3,530/mo	0.51