3060 Grand Bay Blvd UNIT 175Longboat 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
Rental property for sale in Longboat Key at 3060 Grand Bay Blvd UNIT 175, Longboat Key, FL, 34228 generates $8,405/mo in rent, after a $9,544/mo payment. Total monthly income is $8,405/mo. Return on cash invested sits at 11.76% in year one, and rental yield is 5.17% on a $1,950,000 entry. Equity gained on principal adds $12,583/yr, while 5% annual appreciation builds toward $538,749 over five years. Five-year ROI reaches 59.62% and total cumulative return in cash sums $376,685. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,405/mo property income rather than buyer’s personal income.
Condo
Built in 1994
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
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Listed by: Judy Mitchell • PREMIER SOTHEBY'S INTERNATIONAL REALTY
Mls Name: Stellar MLS
Mls ID: #A4667059