4540 Gulf Of Mexico Dr UNIT 204Longboat 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 4540 Gulf Of Mexico Dr UNIT 204, Longboat Key, FL, 34228 earns from $3,689/mo rent with a $3,402/mo payment. Total monthly income totals $3,689/mo. ROI tracks 15.21% on current figures, and rental yield reads 6.37% at a $695,000 purchase. Equity gained on principal adds $4,485/yr, and 5% annual appreciation supports $192,016 over five years. Five-year ROI reaches 78.23% and total cumulative return in cash sums $178,866. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,689/mo property income instead of your personal income.
Condo
Built in 1975
N/A 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: Paulina Vasiliev • KELLER WILLIAMS ON THE WATER S
Mls Name: Stellar MLS
Mls ID: #A4667631