2425 Gulf Of Mexico Dr UNIT 14BLongboat 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 2425 Gulf Of Mexico Dr UNIT 14B, Longboat Key, FL, 34228 offers a 5.14% rental yield on a $1,999,000 purchase with $8,567/mo rent. 66% in year one. Equity gained on principal adds $12,899/yr while 5% annual appreciation supports $552,287 over five years. Portfolio math shows five-year ROI at 59.13% and total cumulative return in cash at $382,985. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,567/mo property income against a $9,784/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1973
4.26 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: Andrey Markov • ANMARK REALTY LLC
Mls Name: Stellar MLS
Mls ID: #A4654664