200 N Betty Ln Unit 5F · Clearwater, FL 33755

$94,900

2 bd · 1.0 ba · 920 sqft · Condo public records · 81 Days on market

Built 1955 $671/mo HOA ↓ 46% since listing

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Why this score? — see what drove the D 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).

• 1% rule +10.0/10.0
• Cash flow +9.6/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• DSCR +2.7/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks

Exceptional Opportunity – Motivated Seller! Enjoy the best of Florida’s coastal lifestyle in this delightful 2-bedroom, 1-bath condo, ideally situated in a friendly 55+ co-op community beside the scenic Clearwater Country Club. This inviting residence is move-in ready and perfectly positioned just 10 minutes from the pristine shores of Clearwater Beach—ranked the #1 beach in the U. S. by the Travel Channel. Step into an airy, open-concept living and dining space featuring stylish new wood-look flooring and refreshing A/C in both bedrooms. While the home offers a solid foundation and immediate comfort, a few light cosmetic updates provide a wonderful opportunity to make it

Key facts

• Laundry facilities
• Guest parking
• Secure entry

Tags

• GOLF COURSE VIEWS
• SECURE ENTRY
• BBQ AREA
• LAUNDRY FACILITIES
• GUEST PARKING
• COVERED PARKING

Property features AI

Finance

• Other: Unfurnished unit
• Financial info: Total monthly fees listed as $671.24; Total annual fees listed as $8,054.84; Lease restrictions apply
• HOA & community: Association required (community management); Monthly HOA approximately $671.24; Quarterly association fee of $2,013.71; Association fees cover common area taxes, escrow reserves, building and grounds maintenance, sewer, and trash; Association amenities include cable TV, laundry facilities, lobby key access, and wheelchair access; Association approval required; No pets allowed; Senior community

Exterior

• Parking: Carport (1 space)
• Security: Key card entry
• Utilities: Public water; Public sewer; Cable available
• Home design: Residential condominium; Located on 5th floor of a 6-story building; Faces southwest; Corner lot building within city limits
• Construction: Block construction; Membrane roof; Other roof materials; Block foundation; Built as part of BETTY DREW APT building
• Exterior features: Patio; Balcony; Exterior lighting; Sliding doors; On-site storage; Private mailbox

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Ductless heating; Wall/window air conditioning units
• Interior features: Ceiling fans; Building elevator; Key card entry (building security)
• Laundry & utility: Common area laundry; Other laundry facilities

🏢 Co-op / cooperative unit. The $94,900 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $95k.

Deal economics

• At list price, monthly cash flow is $-64 ($-769/yr) — negative.
• To cash-flow at today's rent, offer at most $84k (11.9% below list).
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $84k (11.9% below list) — sets the bar for cash-flow.
• Cap rate 5.5% 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: 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.
• Zoned schools: Sandy Lane Elementary School (math 32% / reading 22%, grade F, #1,969 of 2,144 statewide, top 94%, 304 students, 85% FRL); Dunedin Highland Middle School (math 53% / reading 52%, grade C+, #213 of 571 statewide, top 38%, 899 students, 53% FRL); Clearwater High School (math 30% / reading 36%, grade F, #406 of 667 statewide, top 61%, 1,664 students, 59% FRL) — zoned schools average 66% FRL vs 48% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 38% at this address vs 51% district-wide (-14 pts) — the specific schools serving this property underperform the Pinellas average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-2.2%/yr); 265 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 31% of the median local income ($63k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $656 of loan paydown is wiped out by about $3k 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

• It's been on market 81 days — a 6% lower offer ($89k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y 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: HOA is 42% of rent; built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $83,581 (11.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.70% ✓
• Cap rate: 5.48%
• Cash-on-cash: -2.89%
• DSCR: 0.87
• GRM: 4.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -28.1%
• Equity multiple: 0.11×
• Total profit: $-23,738
• Equity at exit: $14,150

10-year hold

• IRR: -79.8%
• Equity multiple: -0.59×
• Total profit: $-42,374
• Equity at exit: $8,205

Cash invested: $26,572 (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: 265
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,611 high
• Mortgage (P&I): −$498
• Tax from tax record: −$129 /mo · $1,544/yr
• Insurance: −$40
• HOA: −$671
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $-64

Break-even live

Break-even rent $1,692

Max offer price $83,581

Occupancy floor 99%

Sensitivity live

Price	-10% $-10	-5% $-37	+0% $-64	+5% $-91	+10% $-118
Rent	-10% $-191	-5% $-128	+0% $-64	+5% $0	+10% $63
Rate	-1.0pp $-16	-0.5pp $-40	base $-64	+0.5pp $-89	+1.0pp $-114

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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
200 N Betty Ln Unit 3E Clearwater, FL	1.0	1.0	875	$1,200	$1.37	5d	1	0.03mi
1257 Drew St #1 Clearwater, FL	2.0	1.0	1055	$1,750	$1.66	26d	1	0.05mi
1329 Drew St #6 Clearwater, FL	2.0	1.0	850	$1,495	$1.76	6d	1	0.13mi
1221 Drew St Unit A21 Clearwater, FL	2.0	1.0	705	$1,300	$1.84	4d	1	0.13mi
1221 Drew St Clearwater, FL	1.0	1.0	777	$1,600	$2.06	23d	1	0.13mi
1233 Grove St Clearwater, FL	1.0	1.0	540	$1,350	$2.50	26d	1	0.15mi
1260 Cleveland St Clearwater, FL	1.0	1.0	617	$1,432	$2.32	4d	2	0.16mi
1345 Drew St #16 Clearwater, FL	2.0	1.0	925	$1,500	$1.62	26d	1	0.17mi
124 N Jefferson Ave Unit 2 Clearwater, FL	1.0	1.0	750	$1,395	$1.86	26d	1	0.20mi
124 N Jefferson Ave Unit 5 Clearwater, FL	1.0	1.0	750	$1,345	$1.79	26d	1	0.20mi
1365 Drew St #102 Clearwater, FL	2.0	1.0	850	$1,400	$1.65	26d	1	0.22mi
117 N Evergreen Ave Clearwater, FL	1.0	1.0	800	$1,275	$1.59	14d	1	0.23mi
117 N Evergreen Ave Clearwater, FL	1.0	1.0	808	$1,135	$1.40	26d	2	0.23mi
100 Waverly Way #403 Clearwater, FL	2.0	2.0	900	$1,600	$1.78	19d	1	0.26mi
106 S Fredrica Ave Clearwater, FL	2.0	1.0	836	$1,350	$1.61	23d	1	0.26mi
1265 Pierce St Unit 1 Clearwater, FL	1.0	1.0	650	$1,495	$2.30	0d	1	0.29mi
27 N San Remo Ave Unit A Clearwater, FL	2.0	1.0	625	$1,297	$2.08	4d	1	0.43mi
1458 Grove St Clearwater, FL	1.0	1.0	625	$1,295	$2.07	23d	1	0.44mi
1100 Cleveland St Clearwater, FL	1.0–2.0	1.0–2.5	1168	$2,775	$2.37	0d	16	0.46mi
1458 Cleveland St Clearwater, FL	1.0	1.0	750	$1,300	$1.73	5d	1	0.46mi
1458 Cleveland St Clearwater, FL	1.0	1.0	750	$1,300	$1.73	6d	1	0.46mi
1103 Drew St Clearwater, FL	1.0	1.0	580	$1,250	$2.16	9d	1	0.47mi
135 N Martin Luther King Jr Ave Clearwater, FL	1.0	1.0	650	$1,195	$1.84	19d	1	0.47mi
1482 Cleveland St Clearwater, FL	3.0	2.0	1110	$2,695	$2.43	0d	1	0.52mi
1485 Cleveland St Clearwater, FL	3.0	1.0	978	$2,200	$2.25	6d	1	0.53mi
1221 Court St Unit 1 Clearwater, FL	2.0	1.0	1000	$1,800	$1.80	26d	1	0.53mi
1477 Pierce St Clearwater, FL	2.0	1.0	650	$1,575	$2.42	26d	1	0.55mi
949 Cleveland St Unit C309 Clearwater, FL	1.0	1.0	748	$2,345	$3.14	15d	1	0.60mi
949 Cleveland St Clearwater, FL	1.0–2.0	1.0–2.0	820	$2,595	$3.16	0d	53	0.60mi
949 Cleveland St Unit C213 Clearwater, FL	1.0	1.0	783	$2,340	$2.99	15d	1	0.60mi
404 Pennsylvania Ave Clearwater, FL	1.0	1.0	748	$1,275	$1.70	16d	1	0.61mi
600 S Betty Ln Apt 7 Clearwater, FL	1.0	1.0	680	$1,225	$1.80	26d	1	0.61mi
912 Hart St Unit B Clearwater, FL	3.0	1.0	840	$1,545	$1.84	23d	1	0.62mi
912 Hart St Unit B Clearwater, FL	3.0	1.0	840	$1,545	$1.84	0d	1	0.62mi
1003 West Ave Clearwater, FL	2.0	1.0	800	$1,195	$1.49	4d	4	0.62mi
1009 Pine Brook Dr Unit B Clearwater, FL	2.0	2.0	1000	$2,200	$2.20	23d	1	0.63mi
906 Jones St Apt A Clearwater, FL	1.0	1.0	700	$1,150	$1.64	0d	1	0.64mi
711 S Lincoln Ave Clearwater, FL	1.0–2.0	1.0	860	$1,649	$1.92	0d	8	0.64mi
905 Jones St Clearwater, FL	2.0	1.0	660	$1,700	$2.58	12d	1	0.64mi
905 Jones St Clearwater, FL	3.0	2.0	1072	$2,450	$2.29	26d	1	0.64mi

HOA detail condo

• Monthly dues: $671 · $8,052/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 20 events

1. 2026-05-31
   days on market $94,900 Active 81 DOM
2. 2026-03-11
   listed $94,900 Active
3. 2025-10-31
   historical
4. 2025-07-09
   price $92,500
5. 2025-05-28
   price $94,500
6. 2025-05-16
   price $110,900
7. 2025-04-18
   listed $114,900 Active
8. 2025-04-16
   historical
9. 2025-04-02
   price $99,000
10. 2025-03-14
    listed $105,000 Active
11. 2024-08-15
    historical
12. 2024-06-03
    price $99,999
13. 2024-03-13
    price $119,000
14. 2024-02-15
    listed $124,900 Active
15. 2024-01-03
    historical
16. 2023-10-05
    price $139,900
17. 2023-07-27
    price $149,900
18. 2023-07-10
    price $155,000
19. 2023-06-23
    price $165,000
20. 2023-06-07
    listed $175,000 Active

ⓘ 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: $1,544 · $129/mo
• Projected year-2 tax: $1,544 · $129/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 · 25 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: $19,334
• − Mortgage interest: −$5,316
• − Property taxes: −$1,544
• − Insurance: −$474
• − Repairs & maintenance: −$1,547
• − Management: −$1,547
• − HOA: −$8,052
• − Depreciation: −$2,761
• Taxable loss: −$1,907
• Est. tax savings @ 24.0%: +$458
• After-tax cash flow: $-311/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

-45.8% since first listed

19 events — show timeline

• 2026-03-11 Listed $94,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-07-09 Price Changed $92,500 Stellar MLS as Distributed by MLS Grid
• 2025-05-28 Price Changed $94,500 Stellar MLS as Distributed by MLS Grid
• 2025-05-16 Price Changed $110,900 Stellar MLS as Distributed by MLS Grid
• 2025-04-18 Listed $114,900 Stellar MLS as Distributed by MLS Grid
• 2025-04-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-04-02 Price Changed $99,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-14 Listed $105,000 Stellar MLS as Distributed by MLS Grid
• 2024-08-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-06-03 Price Changed $99,999 Stellar MLS as Distributed by MLS Grid
• 2024-03-13 Price Changed $119,000 Stellar MLS as Distributed by MLS Grid
• 2024-02-15 Listed $124,900 Stellar MLS as Distributed by MLS Grid
• 2024-01-03 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-10-05 Price Changed $139,900 Stellar MLS as Distributed by MLS Grid
• 2023-07-27 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2023-07-10 Price Changed $155,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-23 Price Changed $165,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-07 Listed $175,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+8.4%/yr

Latest (2025): $1,544 · +3.6% YoY. Source: county tax records.