2400 S Ocean Drive #5624Fort 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
Rental property for sale in Fort Pierce at 2400 S Ocean Drive #5624, Fort Pierce, FL, 34949 generates $1,543/mo in rent and, after a $1,052/mo payment, leaves $117/mo in cash flow. Total monthly income is $1,543/mo, and annual cash flow is $1,398/yr on $71,273 invested. Return on cash invested sits at 21.87% in year one, and rental yield is 8.61% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 113.99% and total cumulative return in cash sums $81,241. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,543/mo property income rather than buyer’s personal income.
Condo
Built in 1979
1,000 sqft 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: Jennifer Visconti • Engel & Voelkers Hutchinson Is
Mls Name: BeachesMLS
Mls ID: #RX-11111618