2700 Cove Cay Dr UNIT 5DClearwaterFL33760
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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 2700 Cove Cay Dr UNIT 5D, Clearwater, FL, 33760 listed at $179,489 pairs $2,057/mo rent with a $879/mo payment to leave $251/mo cash flow. Total monthly income runs $2,057/mo, and annual cash flow reaches $3,017/yr on $59,501 cash to close. Return on cash invested measures 24.98% in year one, and rental yield registers 13.75% at a $179,489 basis. Equity gained on principal adds $1,158/yr, and annual property appreciation at 5% supports $49,590 by year five. Five-year ROI tracks 135.17% and total cumulative return in cash totals $80,424. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,057/mo property income relative to a $879/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1980
N/A lot
$N/A/sqft
$614 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: Kathleen McDowell • FUTURE HOME REALTY INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #TB8305769
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511