2850 Gulf Of Mexico Dr APT 5Longboat KeyFL34228
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2850 Gulf Of Mexico Dr APT 5, Longboat Key, FL, 34228 offers a 8.48% rental yield on a $398,000 purchase with $2,813/mo rent. Total monthly income registers $2,813/mo, and a $1,948/mo payment leaves $172/mo available for distribution. Annual cash flow reaches $2,062/yr on $131,937 to close, and return on cash invested stands at 21.47% in year one. Equity gained on principal adds $2,568/yr while 5% annual appreciation supports $109,960 over five years. Portfolio math shows five-year ROI at 111.8% and total cumulative return in cash at $147,504. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,813/mo property income against a $1,948/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1967
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eddie Campbell • MICHAEL SAUNDERS & COMPANY
Mls Name: Stellar MLS
Mls ID: #A4660349