2404 Florida AveFort 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
Rental property for sale in Fort Pierce at 2404 Florida Ave, Fort Pierce, FL, 34950 generates $2,263/mo in rent and, after a $1,219/mo payment, leaves $610/mo in cash flow. Total monthly income is $2,263/mo, and annual cash flow is $7,324/yr on $82,544 invested. Return on cash invested sits at 28.78% in year one, and rental yield is 10.91% on a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 151.04% and total cumulative return in cash sums $124,676. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,263/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
7,826 sqft 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: Stephen K Hachey • Flat Fee MLS Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10442893
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.