576 Sutton PlLongboat KeyFL34228
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 576 Sutton Pl, Longboat Key, FL, 34228 priced at $459,000 converts $2,731/mo rent into after a $2,247/mo obligation. Total monthly income equals $2,731/mo. Return on cash invested prints 17.42% in year one, and rental yield reads 7.14% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 90.1% and total cumulative return in cash sums $137,099. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,731/mo property income covering a $2,247/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.57 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathy Callahan • MICHAEL SAUNDERS & COMPANY
Mls Name: Stellar MLS
Mls ID: #A4675729