2456 Ecuadorian Way #38 · Clearwater, FL 33763

$105,000

2 bd · 1.0 ba · 1,100 sqft · Condo public records · 101 Days on market

Built 1972 $491/mo HOA · 29% 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 +23.7/30.0
• 1% rule +10.0/10.0
• DSCR +7.6/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICED TO SELL - THIS 2 BEDROOM 11OO SQ FT UNIT, COMPLETELY FURNISHED BOASTS 2 ENTRANCES - 2ND ENTRANCE OPENS NEAR THE ELEVATOR GREAT FOR RAINY DAYS - LAUNDRY ROOM CONVENIENTLY LOCATED ON SAME FLOOR. THE A/C HAS BEEN REPLACED. WALKING DISTANCE TO CLUBHOUSE FOR ALL THE ACTIVITIES, SHOWS, DANCES, CLUBS, GIFT SHOP, TENNIS, LAWN BOWLING, HEATED POOL AND SAUNA OR WALK TO BOTH THE 9 HOLE AND 18 HOLE GOLF COURSES. CONVENIENTLY LOCATED TO EVERYTHING.

Key facts

• Dog park
• Non-evacuation zone
• Florida room

Tags

• FLORIDA ROOM
• NON-FLOOD ZONE
• NON-EVACUATION ZONE
• DOG PARK
• 2 GOLF COURSES
• WALKING TRAILS

Property features AI

Finance

• Financial info: Total annual association fees $5,892; Lease restrictions apply
• HOA & community: Monthly condo fee of $491; Association fees paid monthly; Association requires approval; Association amenities include clubhouse, elevator(s), fitness center, gated entry, golf course access, laundry, maintenance, pickleball courts, pool, recreation facilities, sauna, shuffleboard, spa/hot tub, storage, tennis courts, and trails; Association fee covers common area taxes, pool, insurance, internet, structure and grounds maintenance, private road maintenance, recreational facilities, sewer, trash, and water; Community features include clubhouse, deed restrictions, dog park, fitness center, golf, reclaimed water irrigation, park, pool, tennis courts, and street lights; Senior community; Pets allowed (cats and dogs), maximum pet weight 100 lbs

Exterior

• Parking: Assigned parking
• Security: Gated community
• Utilities: Public water; Public sewer; Electricity connected; Broadband/high-speed internet available; Fiber optics available; Sewer connected; Water connected
• Home design: Residential condominium; Completed condition; Three-story building (unit on second floor); Facing west; One level interior living
• Construction: Block construction; Membrane roof; Slab foundation; Building name: MODERN AGE 28
• Exterior features: Outdoor lighting; Rain gutters; Exterior storage; Gunite heated pool; In-ground heated spa

Interior

• Kitchen: Built-in oven; Cooktop; Disposal; Exhaust fan; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms (unit on 2nd floor)
• Flooring: Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Thermostat; Window treatments; Blinds; Building has elevator
• Laundry & utility: Common area laundry; On-site laundry room; Outside laundry access

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $105k.

Deal economics

• At list price, monthly cash flow is $199 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $105k).
• Recommended offer: $96k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.6% 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: Leila Davis Elementary School (math 66% / reading 69%, grade B+, #435 of 2,144 statewide, top 21%, 665 students, 35% FRL); Safety Harbor Middle School (math 45% / reading 43%, grade D, #327 of 571 statewide, top 57%, 974 students, 50% FRL); Countryside High School (math 25% / reading 45%, grade F, #379 of 667 statewide, top 58%, 1,741 students, 44% FRL).
• Market conditions: Rents soft (-2.6%/yr); 293 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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 37% of the median local income ($55k/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 $726 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 101 days — a 9% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 12y ago; this cycle's ask has dropped $10k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $49k; list at $105k implies a 114% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $95,550 (9.0% below list)

Questions for the listing agent

1. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — 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: 1.60% ✓
• Cap rate: 8.57%
• Cash-on-cash: 8.12%
• DSCR: 1.36
• GRM: 5.2

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: -8.7%
• Equity multiple: 0.69×
• Total profit: $-8,995
• Equity at exit: $15,656

10-year hold

• IRR: -6.2%
• Equity multiple: 0.68×
• Total profit: $-9,437
• Equity at exit: $9,078

Cash invested: $29,400 (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 33763

• Rents YoY: -2.6%
• Active inventory: 293
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,680 high
• Mortgage (P&I): −$551
• Tax from tax record: −$43 /mo · $516/yr
• Insurance: −$44
• HOA: −$491
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $199

Break-even live

Break-even rent $1,428

Max offer price $105,000

Occupancy floor 83%

Sensitivity live

Price	-10% $258	-5% $229	+0% $199	+5% $169	+10% $140
Rent	-10% $66	-5% $133	+0% $199	+5% $265	+10% $332
Rate	-1.0pp $252	-0.5pp $226	base $199	+0.5pp $172	+1.0pp $144

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2456 Ecuadorian Way #42 Clearwater, FL	2.0	2.0	1100	$1,700	$1.55	6d	1	0.03mi
2455 Finlandia Ln #67 Clearwater, FL	2.0	2.0	1100	$1,495	$1.36	13d	1	0.06mi
2429 Ecuadorian Way #65 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	6d	1	0.08mi
2448 Columbia Dr #72 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	25d	1	0.08mi
2428 Columbia Dr #68 Clearwater, FL	2.0	2.0	1100	$1,750	$1.59	5d	1	0.09mi
2466 Ecuadorian Way #32 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	26d	1	0.10mi
2402 Ecuadorian Way Clearwater, FL	2.0	2.0	1400	$1,800	$1.29	26d	2	0.10mi
2402 Ecuadorian Way #28 Clearwater, FL	2.0	2.0	1400	$1,900	$1.36	6d	1	0.10mi
2458 Columbia Dr #64 Clearwater, FL	1.0	1.0	825	$1,275	$1.55	26d	1	0.13mi
2378 Ecuadorian Way #38 Clearwater, FL	2.0	2.0	1400	$1,800	$1.29	3d	1	0.16mi
2450 Canadian Way #26 Clearwater, FL	2.0	2.0	1400	$1,700	$1.21	26d	1	0.17mi
2380 World Parkway Blvd #56 Clearwater, FL	1.0	2.0	1244	$1,200	$0.96	5d	1	0.19mi
2405 Franciscan Dr #23 Clearwater, FL	2.0	2.0	1400	$1,875	$1.34	22d	1	0.22mi
2451 Canadian Way Clearwater, FL	2.0	1.0–2.0	1250	$1,598	$1.28	9d	2	0.23mi
2359 Finlandia Ln Clearwater, FL	2.0	2.0–20.0	1100	$1,400	$1.27	19d	2	0.23mi
2358 Ecuadorian Way #56 Clearwater, FL	2.0	2.0	1100	$1,500	$1.36	4d	1	0.23mi
2361 Ecuadorian Way #45 Clearwater, FL	2.0	2.0	1400	$1,700	$1.21	5d	1	0.25mi
2400 Franciscan Dr #44 Clearwater, FL	1.0	1.0	735	$1,200	$1.63	26d	1	0.25mi
2071 Australia Way W #29 Clearwater, FL	2.0	2.0	1100	$1,525	$1.39	26d	1	0.28mi
2040 World Parkway Blvd #34 Clearwater, FL	2.0	2.0	1400	$1,650	$1.18	26d	1	0.29mi
2433 Brazilia Dr #49 Clearwater, FL	2.0	2.0	1100	$1,750	$1.59	26d	1	0.31mi
2434 Australia Way E #50 Clearwater, FL	2.0	2.0	1400	$1,700	$1.21	3d	1	0.32mi
2463 Brazilia Dr #61 Clearwater, FL	2.0	1.0	1100	$1,450	$1.32	26d	1	0.33mi
2464 Australia Way E #24 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	26d	1	0.33mi
2464 Australia Way E #72 Clearwater, FL	1.0	1.0	1100	$1,295	$1.18	0d	1	0.33mi
2331 Finlandia Ln #53 Clearwater, FL	1.0	1.0	825	$1,345	$1.63	4d	1	0.34mi
2020 World Parkway Blvd #54 Clearwater, FL	2.0	2.0	1400	$1,795	$1.28	12d	1	0.34mi
2042 Australia Way W Clearwater, FL	1.0	1.0	825	$1,350	$1.64	12d	1	0.34mi
2311 Brisbane St #65 Clearwater, FL	2.0	2.0	1100	$1,700	$1.55	14d	1	0.38mi
2310 Denmark St Clearwater, FL	2.0	2.0	1100	$1,550	$1.41	0d	1	0.38mi
25350 US Highway 19 N Clearwater, FL	3.0	1.0–2.0	875	$1,732	$1.98	0d	34	0.40mi
2284 Philippine Dr #59 Clearwater, FL	2.0	2.0	1100	$1,795	$1.63	23d	1	0.43mi
2287 Philippine Dr #29 Clearwater, FL	2.0	2.0	1070	$1,550	$1.45	9d	1	0.43mi
2287 Philippine Dr #29 Clearwater, FL	2.0	2.0	1070	$1,550	$1.45	4d	1	0.43mi
2363 Israeli Dr #67 Clearwater, FL	2.0	2.0	1100	$1,600	$1.45	26d	1	0.44mi
2460 Persian Dr #44 Clearwater, FL	2.0	2.0	1100	$1,800	$1.64	6d	1	0.45mi
2578 Sea Wind Way Clearwater, FL	2.0	2.5	1252	$2,100	$1.68	26d	1	0.45mi
2256 Philippine Dr Clearwater, FL	2.0	2.0	1400	$1,550	$1.11	26d	1	0.49mi
2471 Sumatran Way Clearwater, FL	2.0	2.0	1400	$1,500	$1.07	19d	2	0.54mi
2262 Swedish Dr #10 Clearwater, FL	2.0	2.0	1115	$2,000	$1.79	26d	1	0.56mi

HOA detail condo

• Monthly dues: $491 · $5,892/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 30 events

1. 2026-06-22
   days on market $105,000 Active 101 DOM
2. 2026-06-18
   days on market $105,000 Active 98 DOM
3. 2026-06-17
   days on market $105,000 Active 97 DOM
4. 2026-06-16
   days on market $105,000 Active 96 DOM
5. 2026-06-15
   days on market $105,000 Active 95 DOM
6. 2026-06-13
   days on market $105,000 Active 93 DOM
7. 2026-06-09
   days on market $105,000 Active 89 DOM
8. 2026-06-08
   days on market $105,000 Active 88 DOM
9. 2026-06-07
   days on market $105,000 Active 87 DOM
10. 2026-06-04
    days on market $105,000 Active 84 DOM
11. 2026-06-03
    days on market $105,000 Active 83 DOM
12. 2026-06-01
    days on market $105,000 Active 81 DOM
13. 2026-05-31
    days on market $105,000 Active 80 DOM
14. 2026-05-21
    status Pending
15. 2026-05-11
    price $105,000
16. 2026-04-10
    status Active
17. 2026-04-07
    status Pending
18. 2026-03-31
    price $109,000
19. 2026-03-02
    listed $114,900 Active
20. 2015-09-08
    soldstatus $49,000
21. 2015-08-17
    soldstatus $49,000 Sold 447-char remark

    Show marketing remark (447 chars)

    PRICED TO SELL - THIS 2 BEDROOM 11OO SQ FT UNIT, COMPLETELY FURNISHED BOASTS 2 ENTRANCES - 2ND ENTRANCE OPENS NEAR THE ELEVATOR GREAT FOR RAINY DAYS - LAUNDRY ROOM CONVENIENTLY LOCATED ON SAME FLOOR. THE A/C HAS BEEN REPLACED. WALKING DISTANCE TO CLUBHOUSE FOR ALL THE ACTIVITIES, SHOWS, DANCES, CLUBS, GIFT SHOP, TENNIS, LAWN BOWLING, HEATED POOL AND SAUNA OR WALK TO BOTH THE 9 HOLE AND 18 HOLE GOLF COURSES. CONVENIENTLY LOCATED TO EVERYTHING.

22. 2015-07-13
    historical Contingent - Inspections 447-char remark

    Show marketing remark (447 chars)

    PRICED TO SELL - THIS 2 BEDROOM 11OO SQ FT UNIT, COMPLETELY FURNISHED BOASTS 2 ENTRANCES - 2ND ENTRANCE OPENS NEAR THE ELEVATOR GREAT FOR RAINY DAYS - LAUNDRY ROOM CONVENIENTLY LOCATED ON SAME FLOOR. THE A/C HAS BEEN REPLACED. WALKING DISTANCE TO CLUBHOUSE FOR ALL THE ACTIVITIES, SHOWS, DANCES, CLUBS, GIFT SHOP, TENNIS, LAWN BOWLING, HEATED POOL AND SAUNA OR WALK TO BOTH THE 9 HOLE AND 18 HOLE GOLF COURSES. CONVENIENTLY LOCATED TO EVERYTHING.

23. 2015-06-15
    listed $48,000 Active 447-char remark

    Show marketing remark (447 chars)

    PRICED TO SELL - THIS 2 BEDROOM 11OO SQ FT UNIT, COMPLETELY FURNISHED BOASTS 2 ENTRANCES - 2ND ENTRANCE OPENS NEAR THE ELEVATOR GREAT FOR RAINY DAYS - LAUNDRY ROOM CONVENIENTLY LOCATED ON SAME FLOOR. THE A/C HAS BEEN REPLACED. WALKING DISTANCE TO CLUBHOUSE FOR ALL THE ACTIVITIES, SHOWS, DANCES, CLUBS, GIFT SHOP, TENNIS, LAWN BOWLING, HEATED POOL AND SAUNA OR WALK TO BOTH THE 9 HOLE AND 18 HOLE GOLF COURSES. CONVENIENTLY LOCATED TO EVERYTHING.

24. 2014-07-14
    soldstatus $36,000
25. 2014-07-02
    soldstatus $36,000 Sold 469-char remark

    Show marketing remark (469 chars)

    ACTIVE WITH CONTRACT -PRICED TO SELL - THIS 2 BEDROOM 11OO SQ FT UNIT, COMPLETELY FURNISHED BOASTS 2 ENTRANCES - 2ND ENTRANCE OPENS NEAR THE ELEVATOR GREAT FOR RAINY DAYS - LAUNDRY ROOM CONVENIENTLY LOCATED ON SAME FLOOR. THE A/C HAS BEEN REPLACED. WALKING DISTANCE TO CLUBHOUSE FOR ALL THE ACTIVITIES, SHOWS, DANCES, CLUBS, GIFT SHOP, TENNIS, LAWN BOWLING, HEATED POOL AND SAUNA OR WALK TO BOTH THE 9 HOLE AND 18 HOLE GOLF COURSES. CONVENIENTLY LOCATED TO EVERYTHING.

26. 2014-06-19
    historical Active with Contract 469-char remark

    Show marketing remark (469 chars)

    ACTIVE WITH CONTRACT -PRICED TO SELL - THIS 2 BEDROOM 11OO SQ FT UNIT, COMPLETELY FURNISHED BOASTS 2 ENTRANCES - 2ND ENTRANCE OPENS NEAR THE ELEVATOR GREAT FOR RAINY DAYS - LAUNDRY ROOM CONVENIENTLY LOCATED ON SAME FLOOR. THE A/C HAS BEEN REPLACED. WALKING DISTANCE TO CLUBHOUSE FOR ALL THE ACTIVITIES, SHOWS, DANCES, CLUBS, GIFT SHOP, TENNIS, LAWN BOWLING, HEATED POOL AND SAUNA OR WALK TO BOTH THE 9 HOLE AND 18 HOLE GOLF COURSES. CONVENIENTLY LOCATED TO EVERYTHING.

27. 2014-06-10
    status Active 469-char remark

    Show marketing remark (469 chars)

    ACTIVE WITH CONTRACT -PRICED TO SELL - THIS 2 BEDROOM 11OO SQ FT UNIT, COMPLETELY FURNISHED BOASTS 2 ENTRANCES - 2ND ENTRANCE OPENS NEAR THE ELEVATOR GREAT FOR RAINY DAYS - LAUNDRY ROOM CONVENIENTLY LOCATED ON SAME FLOOR. THE A/C HAS BEEN REPLACED. WALKING DISTANCE TO CLUBHOUSE FOR ALL THE ACTIVITIES, SHOWS, DANCES, CLUBS, GIFT SHOP, TENNIS, LAWN BOWLING, HEATED POOL AND SAUNA OR WALK TO BOTH THE 9 HOLE AND 18 HOLE GOLF COURSES. CONVENIENTLY LOCATED TO EVERYTHING.

28. 2014-05-26
    historical 469-char remark

    Show marketing remark (469 chars)

    ACTIVE WITH CONTRACT -PRICED TO SELL - THIS 2 BEDROOM 11OO SQ FT UNIT, COMPLETELY FURNISHED BOASTS 2 ENTRANCES - 2ND ENTRANCE OPENS NEAR THE ELEVATOR GREAT FOR RAINY DAYS - LAUNDRY ROOM CONVENIENTLY LOCATED ON SAME FLOOR. THE A/C HAS BEEN REPLACED. WALKING DISTANCE TO CLUBHOUSE FOR ALL THE ACTIVITIES, SHOWS, DANCES, CLUBS, GIFT SHOP, TENNIS, LAWN BOWLING, HEATED POOL AND SAUNA OR WALK TO BOTH THE 9 HOLE AND 18 HOLE GOLF COURSES. CONVENIENTLY LOCATED TO EVERYTHING.

29. 2014-05-18
    listed $39,900 Active 469-char remark

    Show marketing remark (469 chars)

    ACTIVE WITH CONTRACT -PRICED TO SELL - THIS 2 BEDROOM 11OO SQ FT UNIT, COMPLETELY FURNISHED BOASTS 2 ENTRANCES - 2ND ENTRANCE OPENS NEAR THE ELEVATOR GREAT FOR RAINY DAYS - LAUNDRY ROOM CONVENIENTLY LOCATED ON SAME FLOOR. THE A/C HAS BEEN REPLACED. WALKING DISTANCE TO CLUBHOUSE FOR ALL THE ACTIVITIES, SHOWS, DANCES, CLUBS, GIFT SHOP, TENNIS, LAWN BOWLING, HEATED POOL AND SAUNA OR WALK TO BOTH THE 9 HOLE AND 18 HOLE GOLF COURSES. CONVENIENTLY LOCATED TO EVERYTHING.

30. 1989-05-30
    soldstatus $33,500

ⓘ 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: $516 · $43/mo
• Projected year-2 tax: $872 · $73/mo
• Expected delta: +$355/yr (+$30/mo · 68.8%)

ⓘ 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 · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,162
• − Mortgage interest: −$5,882
• − Property taxes: −$516
• − Insurance: −$525
• − Repairs & maintenance: −$1,613
• − Management: −$1,613
• − HOA: −$5,892
• − Depreciation: −$3,055
• Taxable income: $1,067
• Est. tax owed @ 24.0%: −$256
• After-tax cash flow: $2,131/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

• County: Pinellas County · 939,478 people
• City population: 170,933
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 21,146
• Household income: $54,794
• Rent vs Own: 27.6% rent · 72.4% own
• Severe rent burden: 753.0

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: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 17% Two or more races 9% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3% Cuban 1%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 15% · Canada, Jamaica, Vietnam
• Languages at home: 81% English-only · Spanish 10% Other Indo-European 3% 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: ▼ -439.90%
• Current HPI: 265.3099
• Rent YoY: ▼ -2.63%
• 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

+213.4% since first listed

17 events — show timeline

• 2026-05-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-11 Price Changed $105,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-31 Price Changed $109,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-02 Listed $114,900 Stellar MLS as Distributed by MLS Grid
• 2015-09-08 Sold (Public Records) $49,000 Public Records
• 2015-08-17 Sold (MLS) $49,000 Stellar MLS as Distributed by MLS Grid
• 2015-07-13 Contingent — Stellar MLS as Distributed by MLS Grid
• 2015-06-15 Listed $48,000 Stellar MLS as Distributed by MLS Grid
• 2014-07-14 Sold (Public Records) $36,000 Public Records
• 2014-07-02 Sold (MLS) $36,000 Stellar MLS as Distributed by MLS Grid
• 2014-06-19 Contingent — Stellar MLS as Distributed by MLS Grid
• 2014-06-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-05-26 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-05-18 Listed $39,900 Stellar MLS as Distributed by MLS Grid
• 1989-05-30 Sold (Public Records) $33,500 Public Records

Property tax history

-3.7%/yr

Latest (2025): $516 · +5.5% YoY. Source: county tax records.