747 Bayport Way #747Longboat 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
Investment property for sale in Longboat Key at 747 Bayport Way #747, Longboat Key, FL, 34228 uses $282,611 cash to close to unlock $9,311/yr annual cash flow and $776/mo monthly cash flow. Total monthly income runs $6,476/mo, and a $4,204/mo payment keeps the spread at $776/mo. Purchase price stands at $859,000, and rental yield measures 9.05% with $6,476/mo rent. Return on cash invested shows 23.35% in year one, and 5% annual appreciation builds toward $237,326 over five years. Five-year ROI reaches 121.87% and total cumulative return in cash records $344,415. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,476/mo property income covering a $4,204/mo payment rather than investor’s personal income.
Condo
Built in 1983
27 Acres 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: Dan Novak • PRIME TIME REAL ESTATE INC
Mls Name: Stellar MLS
Mls ID: #A4676111