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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Longboat Key at 560 Cedar St, Longboat Key, FL, 34228 offers $3,961/mo rent that, after a $3,646/mo payment. Total monthly income is $3,961/mo. Return on cash invested measures 15.25% in year one, and rental yield stands at 6.38% at a $745,000 entry. Equity gained on principal adds $4,807/yr while 5% annual appreciation compounds into $205,830 by year five. Five-year ROI records 78.42% and total cumulative return in cash reaches $192,212. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,961/mo property income versus a $3,646/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
4,979 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 34228, Longboat Key, FL area.
| 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 |
Residential
8,135
Single Family
2,822
Multi-Family
5,313
Businesses
342
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
No similar price properties found nearby.
Listed by: Lauren Hofing • THE KEYES COMPANY - SARASOTA
Mls Name: Stellar MLS
Mls ID: #A4660709
