2400 S Ocean Drive #4123Fort PierceFL34949
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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 2400 S Ocean Drive #4123, Fort Pierce, FL, 34949 uses $139,197 cash to close to unlock $9,632/yr annual cash flow and $803/mo monthly cash flow. Total monthly income runs $3,589/mo, and a $2,055/mo payment keeps the spread at $803/mo. Purchase price stands at $419,900, and rental yield measures 10.26% with $3,589/mo rent. Return on cash invested shows 26.83% in year one, and 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 140.54% and total cumulative return in cash records $195,624. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,589/mo property income covering a $2,055/mo payment rather than investor’s personal income.
Condo
Built in 1980
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
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Listed by: Linda D Nelson • Coldwell Banker Paradise
Mls Name: BeachesMLS
Mls ID: #RX-11142121