3320 Gulf Of Mexico Dr UNIT 207-C, Longboat Key, FL, 34228 | 6.12% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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3320 Gulf Of Mexico Dr UNIT 207-C, Longboat Key, FL, 34228 | 6.12% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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2 Bed
2 Bath
1154 sft

3320 Gulf Of Mexico Dr UNIT 208-C, Longboat Key, FL, 34228

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2 Bed
2 Bath
1154 sft

3320 Gulf Of Mexico Dr UNIT 208-C, Longboat Key, FL, 34228

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 3320 Gulf Of Mexico Dr UNIT 207-C, Longboat Key, FL, 34228 generates $3,494/mo in rent, after a $3,353/mo payment. Total monthly income is $3,494/mo. Return on cash invested sits at 14.46% in year one, and rental yield is 6.12% on a $685,000 entry. Equity gained on principal adds $4,420/yr, while 5% annual appreciation builds toward $189,253 over five years. Five-year ROI reaches 74.16% and total cumulative return in cash sums $167,134. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,494/mo property income rather than buyer’s personal income.

Condo

Built in 1971

N/A lot

$N/A/sqft

No HOA

More details about the property

Modern Waterfront Living in the Heart of Longboat Key-Experience the best of coastal living in this beautifully renovated 2-bedroom, 2-bathroom condo, perfectly situated on the water in one of Longboat Keys most desirable communities. This light-filled residence features a newly reimagined open-concept kitchen with gleaming quartz countertops, bright modern cabinetry, premium stainless steel appliances, and recessed lightingcreating a fresh and inviting space ideal for entertaining. The seamless flow continues into the dining and living areas, enhanced by high end LVP updated flooring throughout. Both bedrooms offer comfort and tranquility, complemented by two spa-like bathrooms boasting high-end finishes, updated designer fixtures and fans throughout along with shiplap accents. A brand-new HVAC system ensures year-round comfort, electric panel replaced 3 years ago. Enjoy picturesque water views and take advantage of the communitys exceptional amenities, including a recently renovated heated waterfront pool, tennis courts, private kayak launch, waterside seating areas, and boat docks available for rent. Located just minutes from your deeded beach access, youre perfectly positioned to enjoy the sunrises, sunsets, and pristine shores of the Gulf of Mexico. Indulge in nearby fine dining at local favorites like Dry Dock Waterfront Grill, Mar Vista, Shore, Euphemyia Haye and Maison Blanche. Shopping and entertainment await at nearby St. Armands Circle, Lido Key, and downtown Sarasota. Convenient to Publix, fitness centers, banks, golf and tennis courts, and more, this property offers the perfect blend of luxury, location, and low-maintenance living. Whether youre seeking a year-round residence, vacation home, or investment opportunity, this stunning condo delivers exceptional value in a premier coastal setting.

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