250 Sands Point Rd UNIT 5101, Longboat Key, FL, 34228 | 4.34% Rental Yield

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250 Sands Point Rd UNIT 5101, Longboat Key, FL, 34228 | 4.34% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Longboat Key at 250 Sands Point Rd UNIT 5101, Longboat Key, FL, 34228 generates $3,599/mo in rent, after a $4,870/mo payment. Total monthly income is $3,599/mo. Return on cash invested sits at 9.05% in year one, and rental yield is 4.34% on a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 45.17% and total cumulative return in cash sums $147,858. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,599/mo property income rather than buyer’s personal income.

Condo

Built in 1982

4.13 Acres lot

$N/A/sqft

No HOA

More details about the property

A corner A+ junior suite with a walk-down rarely becomes available. It offers quiet and private golf course views and was completely renovated, with the added benefit of being in the hotel program. A separate bedroom from the living room, with a pullout sofa, offers more flexible sleeping arrangements. The living room and bedroom open directly to your private balcony, with stairs leading to the additional open patio area, which is the advantage of the walk-down. There is also added luxury of in-unit laundry. The primary en-suite bath has double sinks and a full shower, with private access for your guests. There is also plenty of closet space. The resort at Inn on the Beach offers a variety of dining experiences, including a pool, a fitness center, a full-service spa, championship golf, tennis and more. Conveniently on southern Longboat Key, just minutes to St. Armands Circle, with its restaurants and shopping, along with Sarasota and all it offers.

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