Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
No similar rental properties found nearby.
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 2850 Gulf Of Mexico Dr APT 2, Longboat Key, FL, 34228 listed at $449,000 pairs $3,499/mo rent with a $2,198/mo payment to leave $519/mo cash flow. Total monthly income runs $3,499/mo, and annual cash flow reaches $6,228/yr on $148,844 cash to close. Return on cash invested measures 24.09% in year one, and rental yield registers 9.35% at a $449,000 basis. Equity gained on principal adds $2,897/yr, and annual property appreciation at 5% supports $124,050 by year five. Five-year ROI tracks 125.84% and total cumulative return in cash totals $187,312. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,499/mo property income relative to a $2,198/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1967
0.55 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 | ||||
No similar rental properties found nearby.
Listed by: Bruce Myer • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #A4670111
