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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% |
Investment property for sale in Longboat Key at 721 Binnacle Point Dr, Longboat Key, FL, 34228 projects strong ROI of 7.96%. Rental yield 3.97%. With 5% annual appreciation, the property builds $614,726 in value over five years. Equity growth combined delivers a projected five-year ROI of 39.3%, translating into $283,336 in total cumulative return on $720,900 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 1973
0.43 Acres lot
$N/A/sqft
$50 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 |
|---|---|---|
| 2025-01-30 | Listed for sale | $2,225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-14 | $6896.01 | 4.63% | $466,297 | 6.82% |
| 2023-02-14 | $6590.74 | 0.91% | $436,519 | 3.00% |
| 2022-02-14 | $6531.01 | -1.07% | $423,805 | 3.00% |
Listed by: James Frost • KINCAID REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #NS1083611
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
