375 S Mcmullen Booth Rd #95 · Clearwater, FL 33759

$93,000

1 bd · 1.0 ba · 863 sqft · Condo public records · 136 Days on market

Built 1974 $578/mo HOA · 36% of rent

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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 +16.0/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +4.9/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fully furnished. Beautifully kept condo, light and bright, with new hurricane rated windows, newer appliances, new hot water heater, and newer berber carpeting. Also new building roof & exterior painted in 2010. Great covered patio. Directly across from the pool. Tucked away in Tradewinds you will find all of the advantages of city life and quaint and peaceful small town charm! Shopping dining and entertainment possibilities will keep your days and evenings filled. Or for those who enjoy beautiful beaches, fishing, bike and walking trails are only a step away. Twenty minutes from two large regional airports.

Key facts

• Renovated bathroom
• Remodeled kitchen
• Electrical panel

Tags

• REMODELED KITCHEN
• RENOVATED BATHROOM
• LUXURY VINYL PLANK FLOORING
• DOUBLE-PANE WINDOWS
• NEWER AIR-CONDITIONING SYSTEM
• ELECTRICAL PANEL

Property features AI

Finance

• Other: Unfurnished; Condo land included; Living area approximately 863 square feet
• Financial info: Total monthly fees: $578.83; Total annual fees: $6,945.96; Lease restrictions apply
• HOA & community: HOA managed by Proactive Managment; Monthly HOA fee about $578.83 (includes common area taxes, pool, escrow reserves fund, structure maintenance, pest control, sewer, trash, water); Association approval required; Buyer approval required for community; Clubhouse and community pool; Community mailbox; Pets not allowed

Exterior

• Parking: Assigned parking
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Sewer connected; Water connected
• Home design: Residential condominium; One-level unit; Faces north
• Construction: Stucco construction; Built-up roof; Block foundation; Building 8
• Exterior features: Paved road access

Interior

• Kitchen: Disposal; Microwave
• Bedrooms: 1 bedroom
• Flooring: Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Solid surface counters; Walk-in closet(s); Sliding doors; Storage
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $93k.

Deal economics

• At list price, monthly cash flow is $46 ($552/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $93k).
• Recommended offer: $82k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.9% 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 falling (-5.6%/yr); 116 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 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 $643 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 136 days — a 12% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y ago; this cycle's ask has dropped $24k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $28k; list at $93k implies a 238% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 36% of rent.

Recommended offer $81,840 (12.0% below list)

Questions for the listing agent

1. It's been on market 136 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.73% ✓
• Cap rate: 6.89%
• Cash-on-cash: 2.12%
• DSCR: 1.09
• GRM: 4.8

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: -19.0%
• Equity multiple: 0.37×
• Total profit: $-16,478
• Equity at exit: $13,867

10-year hold

• IRR: -33.4%
• Equity multiple: -0.05×
• Total profit: $-27,263
• Equity at exit: $8,041

Cash invested: $26,040 (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 33759

• Rents YoY: -5.6%
• Active inventory: 116
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,611 high
• Mortgage (P&I): −$488
• Tax from tax record: −$122 /mo · $1,464/yr
• Insurance: −$39
• HOA: −$578
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $46

Break-even live

Break-even rent $1,552

Max offer price $93,000

Occupancy floor 92%

Sensitivity live

Price	-10% $99	-5% $72	+0% $46	+5% $20	+10% $-7
Rent	-10% $-81	-5% $-18	+0% $46	+5% $110	+10% $173
Rate	-1.0pp $93	-0.5pp $70	base $46	+0.5pp $22	+1.0pp $-3

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: $23,250
• Closing costs: $2,790
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
359 S McMullen Booth Rd #122 Clearwater, FL	1.0	1.0	747	$1,290	$1.73	8d	1	0.08mi
351 S McMullen Booth Rd #129 Clearwater, FL	1.0	1.0	863	$1,300	$1.51	15d	1	0.10mi
237 S McMullen Booth Rd #50 Clearwater, FL	1.0	1.0	747	$1,500	$2.01	25d	1	0.10mi
353 S McMullen Booth Rd #133 Clearwater, FL	1.0	1.0	747	$1,450	$1.94	25d	1	0.10mi
341 S McMullen Booth Rd #145 Clearwater, FL	1.0	1.0	863	$1,195	$1.38	2d	1	0.14mi
343 S McMullen Booth Rd #151 Clearwater, FL	1.0	1.0	900	$1,800	$2.00	25d	1	0.14mi
239 S McMullen Booth Rd #38 Clearwater, FL	1.0	1.0	747	$2,000	$2.68	25d	1	0.15mi
209 S McMullen Booth Rd #188 Clearwater, FL	1.0	1.0	747	$2,200	$2.95	17d	1	0.16mi
361 S McMullen Booth Rd #112 Clearwater, FL	1.0	1.0	747	$2,000	$2.68	25d	1	0.17mi
383 S McMullen Booth Rd #68 Clearwater, FL	2.0	1.0	1087	$1,950	$1.79	5d	1	0.17mi
389 S McMullen Booth Rd #12 Clearwater, FL	2.0	1.0	968	$1,395	$1.44	25d	1	0.17mi
205 S McMullen Booth Rd #203 Clearwater, FL	2.0	1.0	1087	$999	$0.92	15d	1	0.18mi
2981 Gulf To Bay Blvd Clearwater, FL	1.0–3.0	1.0–2.0	1198	$2,184	$1.82	4d	27	0.46mi
2975 Gulf To Bay Blvd Clearwater, FL	2.0	1.0–2.0	874	$3,691	$4.22	5d	49	0.49mi
2973 Gulf to Bay Blvd Unit 2 Clearwater, FL	2.0	2.0	1064	$3,219	$3.03	25d	1	0.49mi
2909 Gulf To Bay Blvd Clearwater, FL	1.0–2.0	1.0–2.0	931	$1,279	$1.37	4d	9	0.62mi
420 N Bayshore Blvd #102 Clearwater, FL	2.0	2.0	1030	$1,680	$1.63	5d	1	0.71mi
1602 Brigadoon Dr Clearwater, FL	2.0	1.5	896	$1,800	$2.01	5d	1	1.04mi
2729 Seville Blvd Clearwater, FL	1.0–3.0	1.0–2.0	1057	$1,695	$1.60	2d	33	1.10mi
2403 Brigadoon Dr Clearwater, FL	2.0	2.5	1088	$3,100	$2.85	5d	1	1.15mi
2600 W Grand Reserve Cir Clearwater, FL	1.0–3.0	1.0–2.0	1097	$1,730	$1.58	2d	36	1.21mi
1285 Mission Hills Blvd Unit 36B Clearwater, FL	2.0	1.0	812	$1,500	$1.85	4d	1	1.22mi
530 Fairwood Ave Clearwater, FL	2.0–3.0	1.0–2.0	1042	$1,309	$1.26	3d	27	1.34mi
1001 Pearce Dr #302 Clearwater, FL	1.0	1.5	1048	$1,750	$1.67	5d	1	1.35mi
3021 State Road 590 Clearwater, FL	1.0–3.0	1.0–2.0	977	$1,469	$1.50	2d	28	1.38mi
2690 Drew St Clearwater, FL	1.0–3.0	1.0–2.0	974	$1,225	$1.26	2d	12	1.40mi
1003 S Bayshore Blvd #103 Safety Harbor, FL	2.0	2.0	900	$2,300	$2.56	25d	1	1.40mi
2973 Feather Dr Clearwater, FL	2.0	1.0	812	$1,450	$1.79	25d	1	1.43mi
1403 Arrowhead Cir W Unit 13E Clearwater, FL	2.0	2.0	886	$1,750	$1.98	25d	1	1.44mi
19355 US Highway 19 N Clearwater, FL	1.0–3.0	1.0–2.0	1093	$2,059	$1.88	4d	13	1.48mi

HOA detail condo

• Monthly dues: $578 · $6,936/yr
• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-18
   days on market $93,000 Active 136 DOM
2. 2026-06-17
   days on market $93,000 Active 135 DOM
3. 2026-06-16
   days on market $93,000 Active 134 DOM
4. 2026-06-15
   days on market $93,000 Active 133 DOM
5. 2026-06-13
   remarks 699-char remark
6. 2026-06-13
   pricedays on market $93,000 Active 131 DOM
7. 2026-06-09
   days on market $105,000 Active 127 DOM
8. 2026-06-08
   days on market $105,000 Active 126 DOM
9. 2026-06-07
   days on market $105,000 Active 125 DOM
10. 2026-06-04
    days on market $105,000 Active 122 DOM
11. 2026-06-03
    pricedays on market $105,000 Active 121 DOM
12. 2026-06-01
    days on market $109,900 Active 119 DOM
13. 2026-05-31
    days on market $109,900 Active 118 DOM
14. 2026-05-12
    price $109,900
15. 2026-05-01
    price $115,000
16. 2026-04-30
    status Active
17. 2026-04-27
    status Pending
18. 2026-03-20
    price $116,500
19. 2026-01-30
    listed $117,000 Active
20. 2024-10-22
    status Pending
21. 2024-10-18
    historical
22. 2024-10-14
    listed $90,000 Active
23. 2013-06-28
    soldstatus $27,500
24. 2013-06-21
    soldstatus $27,500 621-char remark

    Show marketing remark (621 chars)

    Fully furnished. Beautifully kept condo, light and bright, with new hurricane rated windows, newer appliances, new hot water heater, and newer berber carpeting. Also new building roof & exterior painted in 2010. Great covered patio. Directly across from the pool. Tucked away in Tradewinds you will find all of the advantages of city life and quaint and peaceful small town charm! Shopping dining and entertainment possibilities will keep your days and evenings filled. Or for those who enjoy beautiful beaches, fishing, bike and walking trails are only a step away. Twenty minutes from two large regional airports.

25. 2013-03-01
    listed $29,000 621-char remark

    Show marketing remark (621 chars)

    Fully furnished. Beautifully kept condo, light and bright, with new hurricane rated windows, newer appliances, new hot water heater, and newer berber carpeting. Also new building roof & exterior painted in 2010. Great covered patio. Directly across from the pool. Tucked away in Tradewinds you will find all of the advantages of city life and quaint and peaceful small town charm! Shopping dining and entertainment possibilities will keep your days and evenings filled. Or for those who enjoy beautiful beaches, fishing, bike and walking trails are only a step away. Twenty minutes from two large regional airports.

26. 1986-05-01
    soldstatus $35,000

ⓘ 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: $1,464 · $122/mo
• Projected year-2 tax: $1,464 · $122/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

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

Taxation est. · year 1

• Rental income: $19,328
• − Mortgage interest: −$5,209
• − Property taxes: −$1,464
• − Insurance: −$465
• − Repairs & maintenance: −$1,546
• − Management: −$1,546
• − HOA: −$6,936
• − Depreciation: −$2,705
• Taxable loss: −$544
• Est. tax savings @ 24.0%: +$131
• After-tax cash flow: $682/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): 17,557
• Household income: $67,492
• Rent vs Own: 49.1% rent · 50.9% own
• Severe rent burden: 1209.0

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 (65%)
• Race & ethnicity: White 65% Hispanic / Latino 19% Two or more races 14% Black 7% Asian 3%
• Hispanic origin (detail): Mexican 7% Puerto Rican 3% Cuban 3%
• Common ancestry: Romanian 4% Slovak 3% Italian 2%
• Foreign-born: 16% · Canada, Jamaica, Vietnam
• Languages at home: 79% English-only · Spanish 12% Other Indo-European 4% Russian/Polish/Slavic 1%

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: ▼ -249.16%
• Current HPI: 343.0721
• Rent YoY: ▼ -5.57%
• 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

+214.0% since first listed

13 events — show timeline

• 2026-05-12 Price Changed $109,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-30 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-20 Price Changed $116,500 Stellar MLS as Distributed by MLS Grid
• 2026-01-30 Listed $117,000 Stellar MLS as Distributed by MLS Grid
• 2024-10-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-10-18 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-10-14 Listed $90,000 Stellar MLS as Distributed by MLS Grid
• 2013-06-28 Sold (Public Records) $27,500 Public Records
• 2013-06-21 Sold (MLS) $27,500 Stellar MLS as Distributed by MLS Grid
• 2013-03-01 Listed $29,000 Stellar MLS as Distributed by MLS Grid
• 1986-05-01 Sold (Public Records) $35,000 Public Records

Property tax history

+6.0%/yr

Latest (2025): $1,464 · -13.1% YoY. Source: county tax records.