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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% |
Investment property for sale in Longboat Key at 590 Hibiscus Way, Longboat Key, FL, 34228 projects strong ROI of 6.02%. Rental yield 3.66%. With 5% annual appreciation, the property builds $649,262 in value over five years. Equity growth combined delivers a projected five-year ROI of 29.26%, translating into $222,801 in total cumulative return on $761,400 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2020
7,640 sqft lot
$N/A/sqft
$83 monthly 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 |
|---|---|---|
| 2024-11-12 | Price change | $2,350,000 |
| 2024-07-23 | Listed for sale | $2,650,000 |
| 2024-06-21 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-14 | $28028.39 | 2.31% | $1,631,665 | 10.00% |
| 2023-02-14 | $27396.77 | 27.17% | $1,483,332 | 10.00% |
| 2022-02-14 | $21543.42 | 36.31% | $1,348,484 | 44.31% |
No similar rental properties found nearby.
No similar price properties found nearby.
Listed by: Miska Damm • MICHAELA DAMM & PARTNERS
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4609071
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511
