1833 Pelican B2 Drive #2Fort 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 1833 Pelican B2 Drive #2, Fort Pierce, FL, 34982 uses $82,842 cash to close to unlock $6,897/yr annual cash flow and $575/mo monthly cash flow. Total monthly income runs $2,233/mo, and a $1,223/mo payment keeps the spread at $575/mo. Purchase price stands at $249,900, and rental yield measures 10.72% with $2,233/mo rent. Return on cash invested shows 28.23% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 148.07% and total cumulative return in cash records $122,666. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,233/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Condo
Built in 2006
999 sqft 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: Cynthia Lorraine Whiting • Ideal Lifestyles, Inc
Mls Name: BeachesMLS
Mls ID: #RX-11127985