450 Gulf Of Mexico Dr, Unit B207, Longboat Key, FL 34228

Longboat Key, FL 34228 · 3 bd · 2 ba · 1,474 sqft · Condo · 249 days on market

The math, in full

Asking price: $650,000
Down payment (15%): $97,500
Loan amount: $552,500
Est. monthly rent: $8,500/mo; Range $7,225–$9,775/mo
Monthly payment, all-in: $6,463/mo; Mortgage + taxes + insurance (PITIA)
Cashflow ratio (DSCR): 1.32; $8,500 rent ÷ $6,463 payment
Monthly cashflow: +$2,037/mo; What's left after the payment

Where the rent number comes from

Median asking rent for 3-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

$97,500

15% down on $650,000

Your local lender

View →

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.