2616 Cove Cay Dr UNIT 104ClearwaterFL33760
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2616 Cove Cay Dr UNIT 104, Clearwater, FL, 33760 earns $449/mo cash flow from $1,566/mo rent with a $562/mo payment. Total monthly income totals $1,566/mo, and annual cash flow totals $5,390/yr on $38,037 capital. ROI tracks 34.08% on current figures, and rental yield reads 16.38% at a $114,742 purchase. Equity gained on principal adds $740/yr, and 5% annual appreciation supports $31,701 over five years. Five-year ROI reaches 183.61% and total cumulative return in cash sums $69,840. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,566/mo property income instead of your personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$355 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33760, Clearwater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,339 (100%) |
| Owner Occupied HU | 3,918 (47.0%) |
| Renter Occupied HU | 3,631 (43.5%) |
| Vacant Housing Units | 790 ( 9.5%) |
| Median Home Value | $378,902 |
| Average Home Value | $429,305 |
Housing Distribution
Address Breakdown
Residential
7,950
Single Family
4,777
Multi-Family
3,173
Businesses
794
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A