4860 Gulf Of Mexico Dr #13Longboat 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
Rental property for sale in Longboat Key at 4860 Gulf Of Mexico Dr #13, Longboat Key, FL, 34228 generates $3,222/mo in rent, after a $2,496/mo payment. Total monthly income is $3,222/mo. Return on cash invested sits at 18.9% in year one, and rental yield is 7.58% on a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 97.98% and total cumulative return in cash sums $164,403. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,222/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
26 Acres 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: Debbie McHardy • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #A4673141