3200 Cove Cay Dr UNIT 5FClearwaterFL33760
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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 3200 Cove Cay Dr UNIT 5F, Clearwater, FL, 33760 at $215,000 posts ROI 21.23% with $79/mo cash flow from $1,505/mo rent. Total monthly income equals $1,505/mo, and annual cash flow records $942/yr on $71,273 to close. Return on cash invested measures 21.23% and rental yield reads 8.4% at the current $215,000. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 by year five. Five-year ROI prints 110.55% and total cumulative return in cash totals $78,793.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,505/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1984
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: Garrett Huffman • EXP REALTY LLC
Mls Name: Stellar MLS
Mls ID: #OM711685