208 N 40th StreetFort PierceFL34947
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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 208 N 40th Street, Fort Pierce, FL, 34947 uses $60,333 cash to close to unlock $2,544/yr annual cash flow and $212/mo monthly cash flow. Total monthly income runs $1,420/mo, and a $891/mo payment keeps the spread at $212/mo. Purchase price stands at $182,000, and rental yield measures 9.36% with $1,420/mo rent. Return on cash invested shows 24.13% in year one, and 5% annual appreciation builds toward $50,283 over five years. Five-year ROI reaches 126.11% and total cumulative return in cash records $76,089. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,420/mo property income covering a $891/mo payment rather than investor’s personal income.
Single Family
Built in 1961
9,148 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34947, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,791 (100%) |
| Owner Occupied HU | 2,486 (42.9%) |
| Renter Occupied HU | 2,907 (50.2%) |
| Vacant Housing Units | 398 ( 6.9%) |
| Median Home Value | $285,185 |
| Average Home Value | $336,157 |
Housing Distribution
Address Breakdown
Residential
5,284
Single Family
4,530
Multi-Family
754
Businesses
381
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Listed by: Jacqueline Coleman • Coldwell Banker Paradise
Mls Name: BeachesMLS
Mls ID: #RX-11124205