2050 Oleander Blvd APT 5-301Fort PierceFL34950
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
Investment Highlights
Investment property for sale in Fort Pierce at 2050 Oleander Blvd APT 5-301, Fort Pierce, FL, 34950 offers a 9.28% rental yield on a $125,000 purchase with $967/mo rent. Total monthly income registers $967/mo, and a $612/mo payment leaves $137/mo available for distribution. Annual cash flow reaches $1,647/yr on $41,438 to close, and return on cash invested stands at 23.88% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 124.86% and total cumulative return in cash at $51,737. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $967/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34950, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,045 (100%) |
| Owner Occupied HU | 2,481 (35.2%) |
| Renter Occupied HU | 3,903 (55.4%) |
| Vacant Housing Units | 661 ( 9.4%) |
| Median Home Value | $173,750 |
| Average Home Value | $260,293 |
Housing Distribution
Address Breakdown
Residential
6,131
Single Family
5,905
Multi-Family
226
Businesses
910
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Listed by: Juliana Marino • One Sotheby's Int'l Realty
Mls Name: Realtor Association of Indian River County
Mls ID: #294539