524 Ketch LnLongboat 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 524 Ketch Ln, Longboat Key, FL, 34228 with 5% annual appreciation on a $1,899,000 basis while $6,108/mo rent supports operations. 7% in year one. Equity gained on principal adds $12,254/yr, and five-year appreciation sums $524,659 alongside rental yield of 3.86%. Five-year ROI measures 37.89% and total cumulative return in cash totals $233,137. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,108/mo property income versus a $9,295/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1968
0.29 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: Kathy Callahan • MICHAEL SAUNDERS & COMPANY
Mls Name: Stellar MLS
Mls ID: #A4666645