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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 858 Evergreen Way, Longboat Key, FL, 34228 priced at $629,000 converts $5,588/mo rent into $291/mo cash flow after a $3,079/mo obligation. Total monthly income equals $5,588/mo, and annual cash flow totals $3,492/yr on $206,941 invested. Return on cash invested prints 21.75% in year one, and rental yield reads 10.66% against a $629,000 entry. Equity gained on principal adds $4,059/yr, while 5% annual appreciation compiles into $173,781 by year five. Five-year ROI reaches 115.64% and total cumulative return in cash sums $239,313. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,588/mo property income covering a $3,079/mo payment, not borrower’s personal income.
Townhouse
Built in 1991
3.12 Acres lot
$N/A/sqft
$874 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 |
|---|---|---|
| 2025-02-12 | Listed for sale | $629,000 |
| 2024-07-12 | Listing removed | $479,000 |
| 2021-06-18 | Sold | $485,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-14 | $8582.70 | 6.31% | $501,848 | 10.00% |
| 2023-02-14 | $8073.48 | 20.97% | $456,225 | 10.00% |
| 2022-02-14 | $6673.91 | 150.69% | $414,750 | 121.19% |
Listed by: Martin Dimovski • CENTURY 21 BEGGINS ENTERPRISES
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #A4640304
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
