2850 Gulf Of Mexico Dr, Apt 2, Longboat Key, FL 34228
Longboat Key, FL 34228 · 2 bd · 1 ba · 695 sqft · Condo · 224 days on market
The math, in full
- Asking price
- $399,000
- Down payment (15%)
- $59,850
- Loan amount
- $339,150
- Est. monthly rent
- Range $5,100–$6,900/mo
- $6,000/mo
- Monthly payment, all-in
- Mortgage + taxes + insurance (PITIA)
- $3,778/mo
- Cashflow ratio (DSCR)
- $6,000 rent ÷ $3,778 payment
- 1.59
- Monthly cashflow
- What's left after the payment
- +$2,222/mo
Where the rent number comes from
Median asking rent for 2-bedroom homes in zip 34228, from current market comps — not a per-property guess. High confidence — plenty of comparable rentals in this zip.
Cash to start
$59,850
15% down on $399,000
No credit pull. No obligation. A loan officer confirms real terms within one business day.
- Screened against real lending criteria — this one fits 3 programs.
- Qualifies on the property's rent — no W-2 or tax returns.
- Listing data verified as of June 9, 2026.
Not the one? Browse more in FL →
Rent, payment, and cashflow figures are estimates based on current market data and business-purpose investment-loan criteria, for non-owner-occupied property. Not a commitment to lend, not financial advice, and not an offer of any specific loan or property. Listing data may change; properties may sell. All terms confirmed by a loan officer and subject to underwriting and appraisal.