1932 Harbourside Dr Unit 242Longboat 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 1932 Harbourside Dr Unit 242, Longboat Key, FL, 34228 earns $1,992/mo cash flow from $6,299/mo rent with a $3,177/mo payment. Total monthly income totals $6,299/mo, and annual cash flow totals $23,900/yr on $213,521 capital. ROI tracks 31.25% on current figures, and rental yield reads 11.65% at a $649,000 purchase. Equity gained on principal adds $4,188/yr, and 5% annual appreciation supports $179,307 over five years. Five-year ROI reaches 164.23% and total cumulative return in cash sums $350,676. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,299/mo property income instead of your personal income.
Condo
Built in 1982
0.51 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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