7105 Gulf Of Mexico Dr APT 21Longboat KeyFL34228
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7105 Gulf Of Mexico Dr APT 21, Longboat Key, FL, 34228 generates $3,958/mo in rent, after a $5,213/mo payment. Total monthly income is $3,958/mo. Return on cash invested sits at 3.82% in year one, and rental yield is 4.46% on a $1,065,000 entry. Equity gained on principal adds $6,872/yr, while 5% annual appreciation builds toward $294,240 over five years. Five-year ROI reaches 19.14% and total cumulative return in cash sums $66,047. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,958/mo property income rather than buyer’s personal income.
Condo
Built in 1974
2.98 Acres lot
$N/A/sqft
$1,600 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diana Kryszak • MICHAEL SAUNDERS & COMPANY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4665082
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