1916 Harbourside Dr UNIT 803Longboat 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 1916 Harbourside Dr UNIT 803, Longboat Key, FL, 34228 offers a 11.5% rental yield on a $939,000 purchase with $9,000/mo rent. Total monthly income registers $9,000/mo, and a $4,596/mo payment leaves $2,769/mo available for distribution. Annual cash flow reaches $33,223/yr on $308,931 to close, and return on cash invested stands at 30.81% in year one. Equity gained on principal adds $6,059/yr while 5% annual appreciation supports $259,428 over five years. Portfolio math shows five-year ROI at 161.88% and total cumulative return in cash at $500,092. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $9,000/mo property income against a $4,596/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
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: Lenore Treiman • MICHAEL SAUNDERS & COMPANY
Mls Name: Stellar MLS
Mls ID: #A4676699