1779 W Royal Tern Ln #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 1779 W Royal Tern Ln #1, Fort Pierce, FL, 34982 uses $49,692 cash to close to unlock $1,979/yr annual cash flow and $165/mo monthly cash flow. Total monthly income runs $1,160/mo, and a $734/mo payment keeps the spread at $165/mo. Purchase price stands at $149,900, and rental yield measures 9.29% with $1,160/mo rent. Return on cash invested shows 23.89% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 124.8% and total cumulative return in cash records $62,015. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,160/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1988
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: Carlson Collier • Keller Williams Realty of PSL
Mls Name: BeachesMLS
Mls ID: #F10517562