1351 Bayshore Drive #304Fort PierceFL34949
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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 1351 Bayshore Drive #304, Fort Pierce, FL, 34949 offers a 10.03% rental yield on a $310,000 purchase with $2,590/mo rent. Total monthly income registers $2,590/mo, and a $1,517/mo payment leaves $533/mo available for distribution. Annual cash flow reaches $6,397/yr on $102,765 to close, and return on cash invested stands at 26.13% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 136.85% and total cumulative return in cash at $140,635. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,590/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34949, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,193 (100%) |
| Owner Occupied HU | 3,681 (51.2%) |
| Renter Occupied HU | 829 (11.5%) |
| Vacant Housing Units | 2,683 (37.3%) |
| Median Home Value | $511,069 |
| Average Home Value | $543,473 |
Housing Distribution
Address Breakdown
Residential
6,777
Single Family
2,843
Multi-Family
3,934
Businesses
96
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Listed by: Helen L Moro • Berkshire Hathaway Florida Realty
Mls Name: BeachesMLS
Mls ID: #RX-11110871