4976 Gulf Of Mexico Dr #18Longboat 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 4976 Gulf Of Mexico Dr #18, Longboat Key, FL, 34228 generates $6,617/mo in rent and, after a $3,597/mo payment, leaves $1,740/mo in cash flow. Total monthly income is $6,617/mo, and annual cash flow is $20,878/yr on $241,815 invested. Return on cash invested sits at 28.69% in year one, and rental yield is 10.8% on a $735,000 entry. Equity gained on principal adds $4,743/yr, while 5% annual appreciation builds toward $203,067 over five years. Five-year ROI reaches 150.5% and total cumulative return in cash sums $363,936. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,617/mo property income rather than buyer’s personal income.
Condo
Built in 1974
26.17 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: #A4665034