








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 3080 Grand Bay Blvd UNIT 516, Longboat Key, FL, 34228 uses $308,931 cash to close to unlock $33,223/yr annual cash flow and $2,769/mo monthly cash flow. Total monthly income runs $9,000/mo, and a $4,596/mo payment keeps the spread at $2,769/mo. Purchase price stands at $939,000, and rental yield measures 11.5% with $9,000/mo rent. Return on cash invested shows 30.81% in year one, and 5% annual appreciation builds toward $259,428 over five years. Five-year ROI reaches 161.88% and total cumulative return in cash records $500,092. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $9,000/mo property income covering a $4,596/mo payment rather than investor’s personal income.
Condo
Built in 1996
0.73 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 | ||||



Listed by: Roger Pettingell • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #A4670274