4380 Exeter Dr UNIT 303, Longboat Key, FL, 34228 | 7.55% Rental Yield

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4380 Exeter Dr UNIT 303, Longboat Key, FL, 34228 | 7.55% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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4380 Exeter Dr UNIT 304, 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

Investment property for sale in Longboat Key at 4380 Exeter Dr UNIT 303, Longboat Key, FL, 34228 earns from $3,140/mo rent with a $2,442/mo payment. Total monthly income totals $3,140/mo. ROI tracks 18.67% on current figures, and rental yield reads 7.55% at a $499,000 purchase. Equity gained on principal adds $3,220/yr, and 5% annual appreciation supports $137,865 over five years. Five-year ROI reaches 96.76% and total cumulative return in cash sums $160,062. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,140/mo property income instead of your personal income.

Condo

Built in 1970

1 sqft lot

$N/A/sqft

No HOA

More details about the property

PENTHOUSE UNIT!! DEEDED BEACH ACCESS DIRECTLY ACROSS THE STREET!! New roof 2025! Top-floor, end-unit living with sparkling water views and everyday coastal ease. This light-filled 2-bed/2-bath residence opens with a reimagined, wall-removed kitchen that flows into the living areafinished with wood-look tile throughout and sleek quartz countersso the view is the star from the moment you walk in. Step onto the balcony for morning coffee over the canal and watch boats drift by, then head out for a beach day via the communitys deeded Gulf access just across Gulf of Mexico Drive. Back at home, a brand-new roof adds peace of mind, while the gated Longboat Harbour lifestyle brings resort-style pools overlooking the bay, a clubhouse fitness center, and the option to keep a boat at the community docks (subject to availability). Practical perks include a covered, assigned carport and a nearby storage room. Minutes to the dining and boutiques of St. Armands and the charm of Anna Maria, this bright, updated condo delivers the waterfront Longboat Key experiencecanal-front setting, water views, and deeded beach accessall in one.

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