900 Cove Cay Dr UNIT 2DClearwaterFL33760
Nearby investment properties with comparable rents
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 900 Cove Cay Dr UNIT 2D, Clearwater, FL, 33760 earns $25/mo cash flow from $1,385/mo rent with a $1,003/mo payment. Total monthly income totals $1,385/mo, and annual cash flow totals $302/yr on $67,924 capital. ROI tracks 20.35% on current figures, and rental yield reads 8.11% at a $204,900 purchase. Equity gained on principal adds $1,322/yr, and 5% annual appreciation supports $56,610 over five years. Five-year ROI reaches 105.87% and total cumulative return in cash sums $71,914. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,385/mo property income instead of your personal income.
Condo
Built in 1990
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Courtney Lustig • PREMIS REALTY
Mls Name: Stellar MLS
Mls ID: #TB8409015