2315 S Indian River DrFort 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 2315 S Indian River Dr, Fort Pierce, FL, 34950 offers a 3.25% rental yield on a $1,775,000 purchase with $4,800/mo rent. 81% in year one. Equity gained on principal adds $11,454/yr while 5% annual appreciation supports $490,400 over five years. Portfolio math shows five-year ROI at 27.72% and total cumulative return in cash at $159,418. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,800/mo property income against a $8,688/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
1.21 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janice Norman • Water Pointe Realty Group
Mls Name: Martin County REALTORS of the Treasure Coast (MCRTC)
Mls ID: #M20053444