3710 Gulf Of Mexico Dr LOT E11Longboat 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
Investment property for sale in Longboat Key at 3710 Gulf Of Mexico Dr LOT E11, Longboat Key, FL, 34228 uses $65,969 cash to close to unlock $6,965/yr annual cash flow and $580/mo monthly cash flow. Total monthly income runs $1,901/mo, and a $974/mo payment keeps the spread at $580/mo. Purchase price stands at $199,000, and rental yield measures 11.46% with $1,901/mo rent. Return on cash invested shows 30.47% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 160.09% and total cumulative return in cash records $105,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,901/mo property income covering a $974/mo payment rather than investor’s personal income.
Manufactured
Built in 1962
1,206 sqft 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: Bill Shuttleworth • EDGEWATER REAL ESTATE, INC
Mls Name: Stellar MLS
Mls ID: #A4677579