








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Longboat Key at 240 Sands Point Rd UNIT 4206, Longboat Key, FL, 34228 listed at $1,115,000 pairs $3,846/mo rent with a $5,457/mo payment. Total monthly income runs $3,846/mo. Return on cash invested measures 8.57% in year one, and rental yield registers 4.14% at a $1,115,000 basis. Equity gained on principal adds $7,195/yr, and annual property appreciation at 5% supports $308,054 by year five. Five-year ROI tracks 42.54% and total cumulative return in cash totals $153,673. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,846/mo property income relative to a $5,457/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1982
4.13 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 34228, Longboat Key, FL area.
| 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 |
Residential
8,135
Single Family
2,822
Multi-Family
5,313
Businesses
342
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Jackie Kleppinger • PREMIER SOTHEBY'S INTERNATIONAL REALTY
Mls Name: Stellar MLS
Mls ID: #A4667039