








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 662 Cedars Ct, Longboat Key, FL, 34228 generates $9,000/mo in rent and, after a $2,986/mo payment, leaves $4,013/mo in cash flow. Total monthly income is $9,000/mo, and annual cash flow is $48,160/yr on $200,690 invested. Return on cash invested sits at 44.06% in year one, and rental yield is 17.7% on a $610,000 entry. Equity gained on principal adds $3,936/yr, while 5% annual appreciation builds toward $168,532 over five years. Five-year ROI reaches 234.94% and total cumulative return in cash sums $471,499. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $9,000/mo property income rather than buyer’s personal income.
Townhouse
Built in 1988
N/A lot
$N/A/sqft
$833 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 |
|---|---|---|
| 2024-11-24 | Price change | $610,000 |
| 2024-07-24 | Listed for sale | $648,000 |
| 2018-11-19 | Sold | $310,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-12-26 | $6692.18 | 20.80% | $332,750 | 10.00% |
| 2022-12-26 | $5540.02 | 13.44% | $302,500 | 10.00% |
| 2021-12-26 | $4883.75 | 2.57% | $275,000 | 3.77% |



Listed by: Tamina Aratari • COMPASS FLORIDA LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #C7495408
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