1637 NE Nautical Place #804StuartFL34997
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1637 NE Nautical Place #804, Stuart, FL, 34997 in Stuart. At $289,000 it earns $2,124/mo in rent and distributes $206/mo to the owner after the $1,300/mo payment, a consistent 8.82% yield. DSCR 1.63 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $79,845 in value; $2,662/yr in principal paydown compounds ownership stake. Total projected return: $123,388.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.0% |
| Monthly Cash Flow | $206 | $350 |
City averages based on Stuart market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,124 |
| Total Monthly Debt Service | $1,803 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34997, Stuart, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,986 (100%) |
| Owner Occupied HU | 15,372 (69.9%) |
| Renter Occupied HU | 4,135 (18.8%) |
| Vacant Housing Units | 2,479 (11.3%) |
| Median Home Value | $444,402 |
| Average Home Value | $523,797 |
Housing Distribution
Address Breakdown
Residential
21,562
Single Family
19,886
Multi-Family
1,676
Businesses
1,479
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34997, Stuart, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,986 (100%) |
| Owner Occupied HU | 15,372 (69.9%) |
| Renter Occupied HU | 4,135 (18.8%) |
| Vacant Housing Units | 2,479 (11.3%) |
| Median Home Value | $444,402 |
| Average Home Value | $523,797 |
Housing Distribution
Address Breakdown
Residential
21,562
Single Family
19,886
Multi-Family
1,676
Businesses
1,479
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices