Dunedin Cove Eviction Risk: Moderate

The severe-burden share is 30%. Those renters are past the 50% mark, and they miss rent for reasons that have nothing to do with willingness to pay. Scores across the 3 constituent tracts range from 3 to 5.1. A 2.1-point internal spread means block-level underwriting beats area-level here. Pulling the other way is rent-regulation exposure, at 2.1/10.

Well under the midpoint is eviction-process difficulty, at 2.3/10. The poverty rate is 18%, which shows up in this model as reduced rent-recovery odds after a judgment. Court records carry 2,376 eviction filings across its 2 observed tracts.

Running cool is supply constraint, at 2.7/10. The worst year on record was 2014, when filings touched 14.3% of renter households.

At $1,512 a month, rents sit 9% under what the rest of Clearwater commands. The most recent observed rate, 4.7% in 2017, is well off that peak.

That places it #3 of 14 neighborhoods in Clearwater. Social vulnerability runs high at 8/10, concentrating the disaster- and displacement-exposure this model treats as a lagging risk input. Annual rent works out to 29% of average household income of $61,895.

Underwrite the address, not the area: with 2.1 points between its best and worst tract, the per-tract table below is the operative number. The number is rebuilt whenever its ACS, court-record, or statutory inputs change.