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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 663 Penfield St, Longboat Key, FL, 34228 generates $3,964/mo in rent, after a $4,772/mo payment. Total monthly income is $3,964/mo. Return on cash invested sits at 8.9% in year one, and rental yield is 4.88% on a $975,000 entry. Equity gained on principal adds $6,292/yr, while 5% annual appreciation builds toward $269,375 over five years. Five-year ROI reaches 45.01% and total cumulative return in cash sums $144,375. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,964/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
9,919 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-07-28 | Sold | $975,000 |
| 2025-06-26 | Pending sale | $999,000 |
| 2025-06-18 | Listed for sale | $999,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $14409.19 | 10.57% | $750,951 | 10.00% |
| 2023-10-31 | $13031.98 | 20.95% | $682,683 | 10.00% |
| 2022-10-31 | $10774.94 | 10.98% | $620,621 | 10.00% |
No similar rental properties found nearby.
No similar price properties found nearby.
Listed by: Steve Walter • MICHAEL SAUNDERS & COMPANY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4656256
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
