2618 Cove Cay Dr UNIT 902ClearwaterFL33760
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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 2618 Cove Cay Dr UNIT 902, Clearwater, FL, 33760 generates $1,391/mo in rent, after a $857/mo payment. Total monthly income is $1,391/mo. Return on cash invested sits at 9.71% in year one, and rental yield is 9.54% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 54.25% and total cumulative return in cash sums $31,471. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,391/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$613 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
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Listed by: N/A • N/A
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