5270 Gulf Of Mexico Dr, Unit 508, Longboat Key, FL 34228

Longboat Key, FL 34228 · 3 bd · 3 ba · 1,460 sqft · Condo · 206 days on market

The math, in full

Asking price: $754,900
Down payment (15%): $113,235
Loan amount: $641,665
Est. monthly rent: $9,500/mo; Range $8,075 to $10,925/mo
Monthly payment, all-in: $7,965/mo; Mortgage + taxes + insurance (PITIA)
Cashflow ratio (DSCR): 1.19; $9,500 rent ÷ $7,965 payment
Monthly cashflow: +$1,535/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

$113,235

15% down on $754,900

Your local lender

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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 July 5, 2026.

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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.