657 Cedars CtLongboat KeyFL34228
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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 657 Cedars Ct, Longboat Key, FL, 34228 offers $3,618/mo rent that, after a $2,325/mo payment, leaves $466/mo cash flow. Total monthly income is $3,618/mo, and annual cash flow is $5,589/yr on $157,463 cash. Return on cash invested measures 23.46% in year one, and rental yield stands at 9.14% at a $475,000 entry. Equity gained on principal adds $3,065/yr while 5% annual appreciation compounds into $131,234 by year five. Five-year ROI records 122.46% and total cumulative return in cash reaches $192,835. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,618/mo property income versus a $2,325/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1988
N/A 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
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Listed by: Eileen Saunders • MICHAEL SAUNDERS & COMPANY
Mls Name: Stellar MLS
Mls ID: #A4674836