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16
Rent climbs to $2,382; yield hits 14%
Updated today • 6 new comps
Your Investment Paths
Turnkey Rental
The property at 1629 N Washington Ave shows strong rental potential. Market data suggests a monthly income between $2,051 and $2,456. This range offers a solid foundation for steady cash flow in a competitive Clearwater neighborhood. With an impressive projected yield of 14.25%, this home is a standout opportunity for investors. Leveraging the market-rate rent potential makes this property a compelling choice for those seeking reliable returns and long-term income growth.
More about this home
Neighborhood Assessment
North Greenwood in Clearwater, FL offers solid neighborhood appeal with strong schools—Sandy Lane Elementary (8/10) and Dunedin Highland Middle (9/10) nearby, though Clearwater High lags at 4/10. Walkability's decent on N Washington Ave, and comps like 1621 N Washington (pending at ~$215K for 1,136 sqft) show steady demand for 3-bed/1-bath homes around 1,100 sqft. Zestimate at $190K aligns with peers at $170-250K range. You know, it's not flashy, but families stick around here. Recent tax hikes signal rising values, yet flood (major risk) and wind (extreme) concerns could spook buyers without mitigation proof. No big developments popping up, but proximity to Clearwater amenities keeps it stable—think steady renters at ~$2.2K/mo.
Market Activity
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Rental Income
$27K
Yield
14.2%
Year 1 Estimates
Fix-and-Flip
Updating your home offers a solid path to standing out in this market. Refreshed spaces command about 258 dollars per square foot, a noticeable improvement over the baseline average of 251 dollars per square foot. This change represents a nearly 3 percent increase in value, creating a more inviting atmosphere for future residents. With higher rent potential, these improvements provide lasting comfort and help secure a stronger position in the neighborhood.
Value Add
$8K
Post Typical Renovation
Buy-Rehab-Rent
This property offers a solid BRR opportunity with an estimated post-renovation value between $276,000 and $305,000. With a median price per square foot of $265, investors can realize significant equity gains through strategic interior property upgrades. Strong rental fundamentals support this investment, projecting $2,382 in monthly income. A 9.8% yield is highly competitive for this market, balancing consistent cash flow potential with clear pathways for long-term wealth building through asset appreciation.
Rental Income
$29K
Yield
9.8%
Year 1 Estimates, Post Typical Renovation
Estimated value
$190K
$120.2K below comp median
Comparative Market Analysis
$170K – $336K
~76 days to sell
Based on 8 comps
1629 N Washington Ave, Clearwater Investment Report: Flip & Rental Analysis · Frontflip