1701 Gulf Of Mexico Dr UNIT 402Longboat KeyFL34228
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Nearby investment properties with comparable prices
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 1701 Gulf Of Mexico Dr UNIT 402, Longboat Key, FL, 34228 listed at $1,685,000 pairs $6,065/mo rent with a $8,247/mo payment. Total monthly income runs $6,065/mo. Return on cash invested measures 9.12% in year one, and rental yield registers 4.32% at a $1,685,000 basis. Equity gained on principal adds $10,873/yr, and annual property appreciation at 5% supports $465,534 by year five. Five-year ROI tracks 45.51% and total cumulative return in cash totals $248,438. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,065/mo property income relative to a $8,247/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1975
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: Ryan Ackerman, PA • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #A4666597