701 S Madison Ave #312 · Clearwater, FL 33756

$119,900

1 bd · 1.0 ba · 570 sqft · Condo public records · 2 Days on market

Built 1985 $372/mo HOA · 26% of rent ↓ 16% 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).

• Cash flow +9.3/30.0
• ARV discount +7.5/15.0
• 1% rule +7.1/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• DSCR +2.6/10.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Contemporary European style one bed one bath Clearwater condo with upgrades include, washer and dryer, granite countertops, dishwasher, bamboo flooring and more. Condo amenities include, pool, gym, security entry, upscale clubhouse, water, sewer and trash included. This home is located near Clearwater Beach, shopping, theme parks, and much more.

Key facts

• Fitness center
• Clubhouse
• Community pool

Tags

• UPDATED KITCHEN
• IN UNIT WASHER AND DRYER
• COMMUNITY POOL
• FITNESS CENTER
• CLUBHOUSE
• EXCELLENT LOCATION

Property features AI

Finance

• Other: Unfurnished; Association name: Scott
• Financial info: Total annual association fees $4,464; No lease restrictions indicated
• HOA & community: Monthly HOA $372; HOA includes pool, structure & grounds maintenance, management, pest control, sewer, trash, and water; Community clubhouse, fitness center, dog park, park, playground, pool, and sidewalks; Pets allowed (cats and dogs), maximum pet weight 60 lbs

Exterior

• Utilities: Public water; Public sewer; Cable available; Electricity available
• Home design: Condominium; One level; Faces west; Located on 3rd floor (unit 312)
• Construction: Block construction; Concrete roof; Slab foundation; Building name: Lakeside Crossing; Built as part of a 5-story building
• Exterior features: Lighting; Sidewalks; In-ground pool

Interior

• Kitchen: Cooktop; Range; Microwave; Dishwasher; Disposal; Refrigerator; Stone counters
• Bedrooms: 1 bedroom
• Flooring: Bamboo; Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Stone counters; Thermostat; Window treatments; Building elevator
• Laundry & utility: Washer; Dryer; Laundry closet; Electric water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $120k.

Deal economics

• At list price, monthly cash flow is $-214 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $82k (31.5% below list).
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $82k (31.5% below list) — sets the bar for cash-flow.
• Cap rate 5.4% 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: Belleair Elementary School (math 54% / reading 45%, grade D, #1,088 of 2,144 statewide, top 53%, 472 students, 81% FRL); Oak Grove Middle School (math 41% / reading 38%, grade F, #373 of 571 statewide, top 66%, 843 students, 66% FRL); Clearwater High School (math 30% / reading 36%, grade F, #406 of 667 statewide, top 61%, 1,664 students, 59% FRL) — zoned schools average 69% FRL vs 48% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-2.2%/yr); 366 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $829 of loan paydown is wiped out by about $4k 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 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 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: flood insurance adds $125/mo; HOA is 26% of rent.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); 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 $82,153 (31.5% 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. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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 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: 1.21% ✓
• Cap rate: 5.41%
• Cash-on-cash: -3.16%
• DSCR: 0.86
• GRM: 6.9

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: -35.6%
• Equity multiple: -0.10×
• Total profit: $-36,948
• Equity at exit: $17,877

10-year hold

• IRR: -93.6%
• Equity multiple: -0.93×
• Total profit: $-64,740
• Equity at exit: $10,367

Cash invested: $33,572 (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 33756

• Rents YoY: -2.2%
• Active inventory: 366
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,454 high
• Mortgage (P&I): −$629
• Tax from tax record: −$186 /mo · $2,233/yr
• Insurance: −$50
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$372
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $-214

Break-even live

Break-even rent $1,724

Max offer price $82,153

Occupancy floor —

Sensitivity live

Price	-10% $-146	-5% $-180	+0% $-214	+5% $-248	+10% $-282
Rent	-10% $-329	-5% $-271	+0% $-214	+5% $-156	+10% $-99
Rate	-1.0pp $-153	-0.5pp $-183	base $-214	+0.5pp $-245	+1.0pp $-276

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
711 S Lincoln Ave Clearwater, FL	1.0–2.0	1.0	860	$1,249	$1.45	0d	8	0.22mi
612 Sally Ln S Unit 14 Clearwater, FL	1.0	1.0	750	$1,500	$2.00	26d	1	0.26mi
912 Pine St Clearwater, FL	2.0	1.0	480	$1,199	$2.50	6d	1	0.26mi
1224 S Missouri Ave #903 Clearwater, FL	1.0	1.0	730	$2,250	$3.08	26d	1	0.31mi
600 S Betty Ln Apt 7 Clearwater, FL	1.0	1.0	680	$1,225	$1.80	26d	1	0.32mi
1216 S Missouri Ave Clearwater, FL	1.0–2.0	1.0–2.0	835	$1,500	$1.80	26d	5	0.32mi
1216 S Missouri Ave Clearwater, FL	1.0–2.0	1.0–2.0	835	$1,450	$1.74	3d	6	0.32mi
807 Turner St Unit 5 Clearwater, FL	—	1.0	560	$1,200	$2.14	19d	1	0.39mi
801 Chestnut St Clearwater, FL	1.0	1.0	433	$1,564	$3.61	0d	17	0.43mi
811 Lotus Path Unit 2 Clearwater, FL	2.0	1.0	700	$1,699	$2.43	26d	1	0.45mi
1265 Pierce St Unit 1 Clearwater, FL	1.0	1.0	650	$1,495	$2.30	0d	1	0.48mi
1265 Jade Pl Clearwater, FL	1.0	1.0	450	$1,500	$3.33	23d	1	0.50mi
1119 Tuskawilla Dr Clearwater, FL	3.0	1.0–2.0	603	$1,183	$1.96	0d	25	0.51mi
1278 Jade Pl Unit n/a Clearwater, FL	1.0	1.0	500	$1,350	$2.70	0d	1	0.53mi
1278 Jade Pl Unit n/a Clearwater, FL	1.0	1.0	500	$1,350	$2.70	26d	1	0.53mi
1100 Cleveland St Clearwater, FL	1.0–2.0	1.0–2.5	1168	$1,785	$1.53	0d	16	0.55mi
949 Cleveland St Clearwater, FL	1.0–2.0	1.0–2.0	820	$1,595	$1.95	0d	53	0.57mi
949 Cleveland St Unit C309 Clearwater, FL	1.0	1.0	748	$2,345	$3.14	15d	1	0.57mi
1260 Cleveland St Clearwater, FL	1.0	1.0	617	$1,432	$2.32	4d	2	0.59mi
1233 Grove St Clearwater, FL	1.0	1.0	540	$1,350	$2.50	26d	1	0.62mi
941 Lakeview Rd Clearwater, FL	1.0	1.0	550	$1,199	$2.18	19d	1	0.63mi
124 N Jefferson Ave Unit 2 Clearwater, FL	1.0	1.0	750	$1,395	$1.86	26d	1	0.67mi
124 N Jefferson Ave Unit 5 Clearwater, FL	1.0	1.0	750	$1,345	$1.79	26d	1	0.67mi
1221 Drew St Clearwater, FL	1.0	1.0	777	$1,600	$2.06	23d	1	0.69mi
1221 Drew St Unit A21 Clearwater, FL	2.0	1.0	705	$1,300	$1.84	4d	1	0.69mi
135 N Martin Luther King Jr Ave Clearwater, FL	1.0	1.0	650	$1,195	$1.84	19d	1	0.70mi
1103 Drew St Clearwater, FL	1.0	1.0	580	$1,250	$2.16	9d	1	0.71mi
306 Turner St #1 Clearwater, FL	1.0	1.0	600	$1,275	$2.12	19d	1	0.77mi
905 Jones St Clearwater, FL	2.0	1.0	660	$1,700	$2.58	12d	1	0.82mi
119 N Evergreen Ave Unit 203 Clearwater, FL	1.0	1.0	500	$1,150	$2.30	26d	1	0.84mi
906 Jones St Apt A Clearwater, FL	1.0	1.0	700	$1,150	$1.64	0d	1	0.85mi
1477 Pierce St Clearwater, FL	2.0	1.0	650	$1,575	$2.42	26d	1	0.88mi
404 Pennsylvania Ave Clearwater, FL	1.0	1.0	748	$1,275	$1.70	16d	1	0.90mi
1458 Cleveland St Clearwater, FL	1.0	1.0	750	$1,300	$1.73	5d	1	0.91mi
1458 Cleveland St Clearwater, FL	1.0	1.0	750	$1,300	$1.73	6d	1	0.91mi
27 N San Remo Ave Unit A Clearwater, FL	2.0	1.0	625	$1,297	$2.08	4d	1	0.94mi
1458 Grove St Clearwater, FL	1.0	1.0	625	$1,295	$2.07	23d	1	0.99mi
1520 Jeffords St Clearwater, FL	1.0–2.0	1.0	645	$1,195	$1.85	26d	1	0.99mi
1463 Drew St Unit B Clearwater, FL	1.0	1.0	500	$1,095	$2.19	26d	1	1.01mi
1538 S Martin Luther King Jr Ave Clearwater, FL	2.0	1.0	650	$1,625	$2.50	26d	1	1.18mi

HOA detail condo

• Monthly dues: $372 · $4,464/yr
• Likely covers: watersewertrashpoolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 2 events

1. 2026-06-21
   remarks 689-char remark
2. 2026-06-21
   listed $119,900 Active 2 DOM

ⓘ 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: $2,233 · $186/mo
• Projected year-2 tax: $2,233 · $186/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 6/10 Major FEMA zone A · 74% 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: $17,443
• − Mortgage interest: −$6,716
• − Property taxes: −$2,233
• − Insurance: −$2,102
• − Repairs & maintenance: −$1,395
• − Management: −$1,395
• − HOA: −$4,464
• − Depreciation: −$3,488
• Taxable loss: −$4,351
• Est. tax savings @ 24.0%: +$1,044
• After-tax cash flow: $-1,520/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): 32,201
• Household income: $61,872
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 1868.0

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: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 18% Black 11% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 8% Puerto Rican 5%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 16% · Canada
• Languages at home: 79% English-only · Spanish 14% Other Indo-European 2% 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: ▼ -438.74%
• Current HPI: 354.6792
• Rent YoY: ▼ -2.22%
• 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

-16.1% since first listed

8 events — show timeline

• 2026-06-19 Listed $119,900 Stellar MLS as Distributed by MLS Grid
• 2022-03-17 Sold (Public Records) $122,900 Public Records
• 2022-03-16 Sold (MLS) $122,900 Stellar MLS as Distributed by MLS Grid
• 2022-03-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-01-17 Listed $122,900 Stellar MLS as Distributed by MLS Grid
• 2006-11-28 Sold (Public Records) $1,800,000 Public Records
• 2006-07-05 Listed $143,000 Stellar MLS as Distributed by MLS Grid
• 2006-06-09 Listed $142,880 Stellar MLS as Distributed by MLS Grid

Property tax history

+7.9%/yr

Latest (2025): $2,233 · +5.5% YoY. Source: county tax records.