1425 Gulf Of Mexico Dr UNIT 308Longboat 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
Rental property for sale in Longboat Key at 1425 Gulf Of Mexico Dr UNIT 308, Longboat Key, FL, 34228 generates $6,639/mo in rent, after a $5,580/mo payment. Total monthly income is $6,639/mo. Return on cash invested sits at 17.36% in year one, and rental yield is 6.99% on a $1,140,000 entry. Equity gained on principal adds $7,356/yr, while 5% annual appreciation builds toward $314,961 over five years. Five-year ROI reaches 89.68% and total cumulative return in cash sums $331,226. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,639/mo property income rather than buyer’s personal income.
Condo
Built in 1983
N/A 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: Diane Smith • KELLER WILLIAMS ON THE WATER S
Mls Name: Stellar MLS
Mls ID: #A4676606