2620 Cove Cay Dr UNIT 601ClearwaterFL33760
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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 2620 Cove Cay Dr UNIT 601, Clearwater, FL, 33760 listed at $229,900 pairs $2,041/mo rent with a $1,125/mo payment to leave $516/mo cash flow. Total monthly income runs $2,041/mo, and annual cash flow reaches $6,187/yr on $76,212 cash to close. Return on cash invested measures 28.03% in year one, and rental yield registers 10.65% at a $229,900 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,517 by year five. Five-year ROI tracks 146.97% and total cumulative return in cash totals $112,007. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,041/mo property income relative to a $1,125/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
N/A lot
$N/A/sqft
No 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: Kathleen McDowell • FUTURE HOME REALTY INC
Mls Name: Stellar MLS
Mls ID: #TB8454500