




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 603 Cedars Ct, Longboat Key, FL, 34228 offers a 8.22% rental yield on a $490,000 purchase with $3,355/mo rent. 5% in year one. Equity gained on principal adds $3,162/yr while 5% annual appreciation supports $135,378 over five years. Portfolio math shows five-year ROI at 66.68% and total cumulative return in cash at $108,312. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,355/mo property income against a $2,398/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1988
N/A lot
$N/A/sqft
$868 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 |
|---|---|---|
| 2025-09-25 | Sold | $490,000 |
| 2025-08-15 | Pending sale | $525,000 |
| 2025-05-16 | Listed for sale | $525,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-30 | $7215.31 | 5.74% | $412,913 | 10.00% |
| 2023-10-30 | $6823.66 | 19.41% | $375,375 | 10.00% |
| 2022-10-30 | $5714.28 | 26.53% | $341,250 | 36.42% |



Listed by: Jesse Griffin • CENTURY 21 BEGGINS ENTERPRISES
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4652969
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