2400 S Ocean Drive #2321Fort PierceFL34949
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 2400 S Ocean Drive #2321, Fort Pierce, FL, 34949 offers a 8.48% rental yield on a $259,000 purchase with $1,830/mo rent. Total monthly income registers $1,830/mo, and a $1,268/mo payment leaves $111/mo available for distribution. Annual cash flow reaches $1,331/yr on $85,859 to close, and return on cash invested stands at 21.46% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 111.73% and total cumulative return in cash at $95,932. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,830/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34949, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,193 (100%) |
| Owner Occupied HU | 3,681 (51.2%) |
| Renter Occupied HU | 829 (11.5%) |
| Vacant Housing Units | 2,683 (37.3%) |
| Median Home Value | $511,069 |
| Average Home Value | $543,473 |
Housing Distribution
Address Breakdown
Residential
6,777
Single Family
2,843
Multi-Family
3,934
Businesses
96
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda D Nelson • Coldwell Banker Paradise
Mls Name: BeachesMLS
Mls ID: #RX-11152314