







No similar rental properties found nearby.
No similar price properties found nearby.

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 575 Sanctuary Dr APT A302, Longboat Key, FL, 34228 generates $5,500/mo in rent, after a $8,076/mo payment. Total monthly income is $5,500/mo. Return on cash invested sits at 8.14% in year one, and rental yield is 4% on a $1,650,000 entry. Equity gained on principal adds $10,647/yr, while 5% annual appreciation builds toward $455,865 over five years. Five-year ROI reaches 40.22% and total cumulative return in cash sums $215,021. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,500/mo property income rather than buyer’s personal income.
Condo
Built in 1990
0.42 Acres 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 rental properties found nearby.
No similar price properties found nearby.



Listed by: Bruce Myer • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #A4664353