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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 605 Sutton Pl #401-A, Longboat Key, FL, 34228 generates $3,673/mo in rent, after a $3,304/mo payment. Total monthly income is $3,673/mo. Return on cash invested sits at 6.83% in year one, and rental yield is 6.53% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 36.49% and total cumulative return in cash sums $81,027. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,673/mo property income rather than buyer’s personal income.
Condo
Built in 1973
6.10 Acres lot
$N/A/sqft
$1,642 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 |
|---|---|---|
| 2025-04-02 | Listed for sale | $675,000 |
| 2024-12-12 | Listing removed | $4,500 |
| 2024-11-04 | Listed for rent | $4,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Stacey Hart • PREFERRED SHORE LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4646582
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
