1241 Gulf Of Mexico Dr UNIT 203Longboat KeyFL34228
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Longboat Key at 1241 Gulf Of Mexico Dr UNIT 203, Longboat Key, FL, 34228 projects strong ROI of 12.44%. Rental yield 5.4%. With 5% annual appreciation, the property builds $606,438 in value over five years. Equity growth combined delivers a projected five-year ROI of 63.32%, translating into $450,305 in total cumulative return on $711,180 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 1996
2.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34228, Longboat Key, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,771 (100%) |
| Owner Occupied HU | 3,972 (40.7%) |
| Renter Occupied HU | 313 ( 3.2%) |
| Vacant Housing Units | 5,486 (56.1%) |
| Median Home Value | $1,019,900 |
| Average Home Value | $1,229,149 |
Housing Distribution
Address Breakdown
Residential
8,135
Single Family
2,822
Multi-Family
5,313
Businesses
342
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Listed by: Jo Rutstein • PREMIER SOTHEBY'S INTERNATIONAL REALTY
Mls Name: Stellar MLS
Mls ID: #A4668344