2055 Gulf Of Mexico Dr #G2-102Longboat 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 2055 Gulf Of Mexico Dr #G2-102, Longboat Key, FL, 34228 offers a 5.32% rental yield on a $839,500 purchase with $3,722/mo rent. 1% in year one. Equity gained on principal adds $5,417/yr while 5% annual appreciation supports $231,938 over five years. Portfolio math shows five-year ROI at 31.49% and total cumulative return in cash at $86,977. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,722/mo property income against a $4,109/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
$1,364 monthly 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: Candy Swick • CANDY SWICK & COMPANY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4630125
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511