2621 Cove Cay Dr UNIT 703ClearwaterFL33760
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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 2621 Cove Cay Dr UNIT 703, Clearwater, FL, 33760 earns $122/mo cash flow from $984/mo rent with a $636/mo payment. Total monthly income totals $984/mo, and annual cash flow totals $1,459/yr on $43,095 capital. ROI tracks 23.29% on current figures, and rental yield reads 9.08% at a $130,000 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 over five years. Five-year ROI reaches 121.61% and total cumulative return in cash sums $52,407. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $984/mo property income instead of your personal income.
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: Katherine Daley • GRAHAM GROUP REALTY
Mls Name: Stellar MLS
Mls ID: #TB8414711