1696 W Royal Tern Lane #CFort 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 1696 W Royal Tern Lane #C, Fort Pierce, FL, 34982 with 5% annual appreciation on a $159,900 basis while $1,218/mo rent supports operations. Total monthly income totals $1,218/mo and a $783/mo payment preserves $157/mo for cash returns. Annual cash flow comes to $1,878/yr on $53,007 deployed, and return on cash invested reaches 23.45% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 9.14%. Five-year ROI measures 122.49% and total cumulative return in cash totals $64,926.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,218/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1987
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: Goutamie Devi Sukhram • Century 21 All Professional
Mls Name: BeachesMLS
Mls ID: #RX-11087064