2020 Harbourside Dr UNIT 432Longboat 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 2020 Harbourside Dr UNIT 432, Longboat Key, FL, 34228 listed at $699,000 pairs $6,846/mo rent with a $3,421/mo payment to leave $2,208/mo cash flow. Total monthly income runs $6,846/mo, and annual cash flow reaches $26,491/yr on $229,971 cash to close. Return on cash invested measures 31.58% in year one, and rental yield registers 11.75% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 165.99% and total cumulative return in cash totals $381,722. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,846/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
3.90 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: Nick Gard • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #A4669050