2400 S Ocean Drive #4242Fort 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 #4242, Fort Pierce, FL, 34949 earns $1,198/mo cash flow from $5,080/mo rent with a $2,863/mo payment. Total monthly income totals $5,080/mo, and annual cash flow totals $14,377/yr on $192,465 capital. ROI tracks 27.53% on current figures, and rental yield reads 10.42% at a $585,000 purchase. Equity gained on principal adds $3,775/yr, and 5% annual appreciation supports $161,625 over five years. Five-year ROI reaches 144.29% and total cumulative return in cash sums $277,698. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,080/mo property income instead of your 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-11109899