513 Bayport Way #513Longboat 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 513 Bayport Way #513, Longboat Key, FL, 34228 listed at $1,400,000 pairs $4,958/mo rent with a $6,852/mo payment. Total monthly income runs $4,958/mo. Return on cash invested measures 8.91% in year one, and rental yield registers 4.25% at a $1,400,000 basis. Equity gained on principal adds $9,034/yr, and annual property appreciation at 5% supports $386,794 by year five. Five-year ROI tracks 44.35% and total cumulative return in cash totals $201,187. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,958/mo property income relative to a $6,852/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1980
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: Alexis Smith-Frady • COMPASS FLORIDA LLC
Mls Name: Stellar MLS
Mls ID: #A4676642