1214 E Joy LaneFort PierceFL34945
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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 Fort Pierce at 1214 E Joy Lane, Fort Pierce, FL, 34945 uses $36,432 cash to close to unlock $1,447/yr annual cash flow and $121/mo monthly cash flow. Total monthly income runs $850/mo, and a $538/mo payment keeps the spread at $121/mo. Purchase price stands at $109,900, and rental yield measures 9.28% with $850/mo rent. Return on cash invested shows 23.88% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 124.78% and total cumulative return in cash records $45,460. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $850/mo property income covering a $538/mo payment rather than investor’s personal income.
Manufactured
Built in 1979
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34945, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,375 (100%) |
| Owner Occupied HU | 1,876 (79.0%) |
| Renter Occupied HU | 196 ( 8.3%) |
| Vacant Housing Units | 303 (12.8%) |
| Median Home Value | $435,497 |
| Average Home Value | $503,292 |
Housing Distribution
Address Breakdown
Residential
2,324
Single Family
2,269
Multi-Family
55
Businesses
265
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Listed by: Mark Tierney • Coldwell Banker Paradise
Mls Name: BeachesMLS
Mls ID: #RX-11153090