4350 Chatham Dr UNIT 208, Longboat Key, FL, 34228 | $2,120/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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4350 Chatham Dr UNIT 208, Longboat Key, FL, 34228 | $2,120/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Investment Property+ 1 more

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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

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Investment Highlights

Investment property for sale in Longboat Key at 4350 Chatham Dr UNIT 208, Longboat Key, FL, 34228 uses $246,421 cash to close to unlock $25,446/yr annual cash flow and $2,120/mo monthly cash flow. Total monthly income runs $7,091/mo, and a $3,666/mo payment keeps the spread at $2,120/mo. Purchase price stands at $749,000, and rental yield measures 11.36% with $7,091/mo rent. Return on cash invested shows 30.39% in year one, and 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 159.59% and total cumulative return in cash records $393,256. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,091/mo property income covering a $3,666/mo payment rather than investor’s personal income.

Condo

Built in 1969

N/A lot

$N/A/sqft

No HOA

More details about the property

NEWLY REMODELED COASTAL LUXURY RESIDENCE Longboat Harbour Unit 208 | Corner End Unit Bay & Harbour Views. Welcome to an exquisite, newly remodeled second-floor corner residence in the highly sought-after Longboat Harbour community. Reimagined with sophisticated coastal design, this light-filled home captures sweeping views of Sarasota Bay and Longboat Harbourcreating a serene backdrop from morning to sunset. This spacious two-bedroom, two-bath retreat has been transformed with exceptional attention to detail. Elevated finishes, a soothing coastal palette, and an airy open layout blend modern luxury with effortless livability. Corner units of this caliber are rarely availableespecially those curated with such care and craftsmanship. Step onto the private lanai and enjoy daily encounters with dolphins and manatees as they drift through the sparkling waterways. ________________________________________ A SHOWCASE KITCHEN WITH WATERVIEWS Elegant, functional, and beautifully appointed: Frigidaire Professional stainless steel appliances Gleaming quartz countertops 9-inch deep sink Pull-out cabinet shelving Pantry closet Designer tile backsplash Two sunlit kitchen windows Large Eat-In Kitchen with water views & sunsets Instant hot-water feature Secondary kitchen door for enhanced flow A perfect place for morning coffee or a relaxing meal surrounded by natural light. ________________________________________ LUXURIOUS PRIMARY SUITE An elevated retreat designed for comfort and serenity: Private ensuite bath Custom California Closet walk-in wardrobe Built-in desk feature Remote-controlled luxury solar shades A peaceful haven designed for rest and rejuvenation. ________________________________________ RESORT-INSPIRED AMENITIES Longboat Harbour offers a lifestyle unmatched on the Gulf Coast: Designated covered parking spot conveniently located Personal storage space on the third floor Private deeded Gulf beach access with pavilion, restrooms & shower Four sparkling pools Fitness center & sauna Tennis & pickleball courts Billiards room, library & meeting rooms Picnic areas with grills Putting green Fishing pier Affordable resident-only boat dockage Kayak launch and the seller is gifting a kayak to the new owner Enjoy effortless waterfront living and endless ways to explore the natural beauty of Longboat Key. ________________________________________ PROPERTY ENHANCEMENTS & UPDATES Thoughtfully improved for comfort, reliability, and peace of mind: NO HURRICANE DAMAGE OR FLOODING Bosch Washer & Dryer Newer AC: 12/5/22 Newer Hot Water Heater: 3/3/17 New roofs throughout the community Electrical and plumbing systems updated A beautifully renovated interior paired with essential system upgrades creates the perfect move-in-ready coastal residence. ________________________________________ THE ULTIMATE LONGBOAT LIFESTYLE From sunrises over the Bay to evenings on the Gulf, this residence offers a lifestyle defined by beauty, serenity, and refined coastal living. More than a homethis is luxury coastal living at its finest

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