1680 Sunset Point Rd · Clearwater, FL 33755

$230,000

3 bd · 3.0 ba · 1,633 sqft · SingleFamily public records · 1 Days on market

Built 1960 0.26 ac lot

---

Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +18.0/30.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• DSCR +5.6/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Highly sought after Sunset Lakes Estates. Quality built 3 Bedroom, 3 Bathroom 2 car garage block home. Perfect for your family, close to everything, Clearwater Beach, Dunedin, shopping, and short drive to the The Landings golf course. Features include a Split floor plan, plaster walls, hurricane shutters for the windows throughout, sliding glass doors off the master bedroom connecting to a large inclosed lanai, perfect for entertaining overlooking a large deck and a lake. Bedrooms are all spacious with tons of closet space. Plenty of room in the large 2 car garage for your vehicles and storage. The house is equipped with a power transfer system, which allows the homeowner to plug in a generator and power essential appliances in case of a power outage. Roof replaced March of 2020, No flood, No HOA.

Key facts

• 0.26 acre lot
• Garage
• Built 1960

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $197 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $230k).
• Cap rate 7.3% vs local median 2.9% in Clearwater — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#60 in FL, #988 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: schools C-, employment C-.
• Pinellas (suburban): math 51% / reading 51% proficiency, ranked #31 of 73 in FL (top 42%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-2.2%/yr); 261 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $2,628/mo this rent would consume 50% of the median local household income ($63k/yr) (locally 1511% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Pinellas County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $230,000

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
5. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
6. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.14% ✓
• Cap rate: 7.32%
• Cash-on-cash: 3.67%
• DSCR: 1.16
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $485,001
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1678 Algonquin Dr	0.17mi	3/2.0	1,639 (+0%)	1mo	$530,777	$324	87
1957 Souvenir Dr	0.36mi	3/2.0	1,677 (+3%)	2mo	$560,000	$334	73
1764 Linwood Cir	0.37mi	3/2.0	1,696 (+4%)	1mo	$429,000	$253	71
1574 Souvenir Dr	0.36mi	3/2.0	1,584 (-3%)	5mo	$255,000	$161	70
1571 Sunset Point Rd	0.25mi	3/2.0	1,418 (-13%)	2mo	$510,000	$360	60
1832 Greenhill Dr	0.17mi	4/2.5 (+1)	1,392 (-15%)	2mo	$405,000	$291	58
1531 Picardy Cir	0.30mi	3/2.0	1,408 (-14%)	1mo	$427,500	$304	58
1737 Prince Philip St	0.22mi	4/2.0 (+1)	1,831 (+12%)	3mo	$544,000	$297	58
1468 Byram Dr	0.61mi	3/2.0	1,737 (+6%)	1mo	$375,000	$216	56
1862 Seton Dr	0.62mi	3/2.0	1,486 (-9%)	0mo	$479,000	$322	52
1549 Huntington Ln	0.44mi	3/2.0	1,406 (-14%)	1mo	$415,000	$295	52
1321 Murray Ave	0.70mi	3/2.0	1,503 (-8%)	1mo	$415,000	$276	49

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -14.4%
• Equity multiple: 0.50×
• Total profit: $-32,193
• Equity at exit: $34,294

10-year hold

• IRR: -12.8%
• Equity multiple: 0.37×
• Total profit: $-40,740
• Equity at exit: $19,886

Cash invested: $64,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33755

• Rents YoY: -2.2%
• Active inventory: 261
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,628 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$577 /mo · $6,924/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$552
• Net cashflow: $197

Break-even live

Break-even rent $2,378

Max offer price $230,000

Occupancy floor 88%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1648 Algonquin Dr Clearwater, FL	3.0	2.0	1731	$2,850	$1.65	24d	1	0.23mi
1743 Ridgeway Dr Clearwater, FL	4.0	2.0	1900	$2,800	$1.47	4d	1	0.30mi
1632 Windsor Pl Clearwater, FL	3.0	2.0	1814	$3,300	$1.82	4d	1	0.34mi
1767 Linwood Cir Clearwater, FL	3.0	2.0	1500	$3,000	$2.00	4d	1	0.37mi
1820 Sunset Point Rd Clearwater, FL	1.0–3.0	1.0–2.0	918	$1,913	$2.08	2d	17	0.39mi
2090 Paragon Cir E Unit N/A Clearwater, FL	4.0	2.0	1899	$3,100	$1.63	4d	1	0.51mi
2090 Paragon Cir E Clearwater, FL	4.0	2.0	1899	$3,100	$1.63	7d	1	0.51mi
1506 Arden Ave Clearwater, FL	3.0	1.5	1527	$2,283	$1.50	7d	1	0.52mi
1912 Radcliffe Dr N Clearwater, FL	2.0	2.0	1340	$2,750	$2.05	24d	1	0.59mi
1564 Scott St Clearwater, FL	3.0	2.0	1152	$2,200	$1.91	24d	1	0.61mi
1973 Clarendon Rd Clearwater, FL	3.0	2.0	1248	$2,500	$2.00	4d	1	0.61mi
1406 N Saturn Ave Clearwater, FL	2.0	2.0	1104	$2,650	$2.40	24d	1	0.63mi
1404 N Saturn Ave Clearwater, FL	2.0	2.0	2204	$2,790	$1.27	4d	1	0.64mi
1767 Leo Ln S Unit 101 Clearwater, FL	2.0	2.0	1150	$1,525	$1.33	7d	1	0.67mi
1960 Union St Clearwater, FL	2.0	2.0	996	$1,775	$1.78	7d	2	0.85mi
1601 Long St Clearwater, FL	4.0	2.0	1726	$2,300	$1.33	14d	1	0.86mi
152 Macalpine Way Dunedin, FL	1.0–3.0	1.0–2.5	943	$2,707	$2.87	1d	42	0.88mi
1954 Freedom Dr Clearwater, FL	3.0	2.5	1941	$3,300	$1.70	4d	1	0.89mi
1954 Freedom Dr Unit 1 Clearwater, FL	3.0	2.0	1941	$3,300	$1.70	3d	1	0.89mi
2056 Sunset Point Rd #23 Clearwater, FL	3.0	2.0	1585	$3,000	$1.89	24d	1	0.93mi
2251 Springwood Cir W Clearwater, FL	3.0	2.0	1344	$3,100	$2.31	24d	1	0.94mi
2151 Alicia Dr Unit A Clearwater, FL	3.0	2.5	1250	$2,250	$1.80	7d	1	0.97mi
2151 Alicia Dr Unit C Clearwater, FL	3.0	2.5	1500	$2,000	$1.33	7d	1	0.97mi
2701 Dunedin Commons Pl Dunedin, FL	1.0–2.0	1.0–2.0	887	$2,710	$3.05	3d	12	1.02mi
662 Union St Unit 1A Dunedin, FL	3.0	1.0	1100	$1,749	$1.59	22d	1	1.03mi
648 Norfolk St Dunedin, FL	4.0	2.5	2054	$3,000	$1.46	2d	1	1.09mi
1262 Woodlawn Ter Clearwater, FL	2.0	1.0	1076	$2,000	$1.86	24d	1	1.16mi
978 Cedarwood Ave Dunedin, FL	2.0	1.0	1100	$1,800	$1.64	24d	1	1.18mi
1822 Pineland Dr Clearwater, FL	4.0	2.0	1652	$2,900	$1.76	4d	1	1.18mi
1219 Aloha Ln Clearwater, FL	2.0	2.0	1154	$2,300	$1.99	24d	1	1.20mi
526 Belmist Ct Dunedin, FL	3.0	2.0	1480	$2,700	$1.82	24d	1	1.21mi
2014 Pinehurst Dr Clearwater, FL	3.0	3.0	1650	$3,000	$1.82	24d	1	1.22mi
1011 Pinebrook Dr Clearwater, FL	3.0	3.0	2000	$4,000	$2.00	4d	1	1.26mi
21 Highland Ave Dunedin, FL	3.0	2.0	1160	$2,700	$2.33	24d	1	1.26mi
605 N Keene Rd Unit 605 C Clearwater, FL	3.0	2.0	1140	$2,495	$2.19	24d	1	1.27mi
257 Milwaukee Ave Dunedin, FL	1.0–2.0	1.0–1.5	889	$1,460	$1.64	2d	9	1.27mi
1512 Stevensons Dr Clearwater, FL	4.0	1.0	1127	$3,250	$2.88	4d	1	1.27mi
857 Lyndhurst St Unit D Dunedin, FL	2.0	2.0	1050	$1,700	$1.62	18d	1	1.28mi
53 Highland Ave Dunedin, FL	2.0	1.0	1128	$1,800	$1.60	2d	1	1.29mi
660 Beltrees St Dunedin, FL	1.0–3.0	1.0–1.5	905	$1,645	$1.82	7d	2	1.37mi

Listing history 9 events

1. 2025-08-27
   status Pending
2. 2025-08-27
   listed $230,000 Active
3. 2023-03-15
   soldstatus $350,000
4. 2023-03-08
   soldstatus $350,000 Closed 812-char remark

   Show marketing remark (812 chars)

   Highly sought after Sunset Lakes Estates. Quality built 3 Bedroom, 3 Bathroom 2 car garage block home. Perfect for your family, close to everything, Clearwater Beach, Dunedin, shopping, and short drive to the The Landings golf course. Features include a Split floor plan, plaster walls, hurricane shutters for the windows throughout, sliding glass doors off the master bedroom connecting to a large inclosed lanai, perfect for entertaining overlooking a large deck and a lake. Bedrooms are all spacious with tons of closet space. Plenty of room in the large 2 car garage for your vehicles and storage. The house is equipped with a power transfer system, which allows the homeowner to plug in a generator and power essential appliances in case of a power outage. Roof replaced March of 2020, No flood, No HOA.

5. 2023-02-10
   status Pending 812-char remark

   Show marketing remark (812 chars)

   Highly sought after Sunset Lakes Estates. Quality built 3 Bedroom, 3 Bathroom 2 car garage block home. Perfect for your family, close to everything, Clearwater Beach, Dunedin, shopping, and short drive to the The Landings golf course. Features include a Split floor plan, plaster walls, hurricane shutters for the windows throughout, sliding glass doors off the master bedroom connecting to a large inclosed lanai, perfect for entertaining overlooking a large deck and a lake. Bedrooms are all spacious with tons of closet space. Plenty of room in the large 2 car garage for your vehicles and storage. The house is equipped with a power transfer system, which allows the homeowner to plug in a generator and power essential appliances in case of a power outage. Roof replaced March of 2020, No flood, No HOA.

6. 2023-01-25
   listed $385,000 Active 812-char remark

   Show marketing remark (812 chars)

   Highly sought after Sunset Lakes Estates. Quality built 3 Bedroom, 3 Bathroom 2 car garage block home. Perfect for your family, close to everything, Clearwater Beach, Dunedin, shopping, and short drive to the The Landings golf course. Features include a Split floor plan, plaster walls, hurricane shutters for the windows throughout, sliding glass doors off the master bedroom connecting to a large inclosed lanai, perfect for entertaining overlooking a large deck and a lake. Bedrooms are all spacious with tons of closet space. Plenty of room in the large 2 car garage for your vehicles and storage. The house is equipped with a power transfer system, which allows the homeowner to plug in a generator and power essential appliances in case of a power outage. Roof replaced March of 2020, No flood, No HOA.

7. 2006-10-02
   listed $299,900
8. 1997-04-21
   soldstatus $107,900
9. 1992-06-25
   soldstatus $80,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $6,924 · $577/mo
• Projected year-2 tax: $6,924 · $577/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,537
• − Mortgage interest: −$12,884
• − Property taxes: −$6,924
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,523
• − Management: −$2,523
• − Depreciation: −$6,691
• Taxable loss: −$1,157
• Est. tax savings @ 24.0%: +$278
• After-tax cash flow: $2,644/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Pinellas
• NCES district ID: 1201560
• Math proficiency: 51% ▼ -5.00%
• Reading proficiency: 51% ▼ -3.00%
• Median HH income: $46,270
• Composite: 43.27/100
• National rank: #3046
• State rank: #31 of 73 in FL

Livability — Clearwater

• Score: 82/100
• State rank: #60
• US rank: #988

Category grades

Amenities B Commute A+ Cost of living A- Crime B+ Employment C- Housing A+ Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clearwater, FL
• County: Pinellas County · 939,478 people
• City population: 170,933
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 27,476
• Household income: $62,886
• Rent vs Own: 45.2% rent · 54.8% own
• Severe rent burden: 1511.0

Population outlook (Pinellas County) Hauer SSP2

• Today (2025): 1,027,532 people
• By 2030: 1,063,586 · +3.5%
• By 2040: 1,125,020 · +9.5%
• By 2050: 1,168,637 · +13.7%
• By 2075: 1,265,188 · +23.1%
• By 2100: 1,260,357 · +22.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 54% Black 22% Hispanic / Latino 17% Two or more races 10% Asian 3%
• Hispanic origin (detail): Mexican 6% Puerto Rican 5% Cuban 1%
• Common ancestry: Romanian 2% Italian 2% Arab 1%
• Foreign-born: 15% · Canada
• Languages at home: 78% English-only · Spanish 13% Other Indo-European 3% Russian/Polish/Slavic 2%

Political lean MEDSL · Pinellas

• 2024 margin: Lean R (+5.2) · D 46.9% · R 52.1%
• 2008→2024 swing: -13.5pp toward R · 2008: 8.3pp · 2024: -5.2pp
• All cycles: 2024: R+5.2 2020: D+0.2 2016: R+1.1 2012: D+5.6 2008: D+8.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -472.62%
• Current HPI: 351.4973
• Rent YoY: ▼ -2.20%
• Metro: Tampa-St. Petersburg-Clearwater, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+187.5% since first listed

9 events — show timeline

• 2025-08-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-08-27 Listed $230,000 Stellar MLS as Distributed by MLS Grid
• 2023-03-15 Sold (Public Records) $350,000 Public Records
• 2023-03-08 Sold (MLS) $350,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-01-25 Listed $385,000 Stellar MLS as Distributed by MLS Grid
• 2006-10-02 Listed $299,900 Stellar MLS as Distributed by MLS Grid
• 1997-04-21 Sold (Public Records) $107,900 Public Records
• 1992-06-25 Sold (Public Records) $80,000 Public Records

Property tax history

+11.2%/yr

Latest (2025): $6,924 · +2.9% YoY. Source: county tax records.