1221 S Lakes End Drive #1Fort PierceFL34982
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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 1221 S Lakes End Drive #1, Fort Pierce, FL, 34982 offers a 9.5% rental yield on a $165,000 purchase with $1,306/mo rent. Total monthly income registers $1,306/mo, and a $808/mo payment leaves $211/mo available for distribution. Annual cash flow reaches $2,527/yr on $54,698 to close, and return on cash invested stands at 24.53% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 128.25% and total cumulative return in cash at $70,151. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,306/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34982, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,995 (100%) |
| Owner Occupied HU | 7,791 (65.0%) |
| Renter Occupied HU | 3,315 (27.6%) |
| Vacant Housing Units | 889 ( 7.4%) |
| Median Home Value | $348,376 |
| Average Home Value | $373,631 |
Housing Distribution
Address Breakdown
Residential
11,555
Single Family
10,815
Multi-Family
740
Businesses
739
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Listed by: Mindy Hackett • Berkshire Hathaway Florida Realty
Mls Name: BeachesMLS
Mls ID: #RX-11108144