243 Old Key West PlaceFort PierceFL34982
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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 243 Old Key West Place, Fort Pierce, FL, 34982 priced at $159,900 converts $1,799/mo rent into $738/mo cash flow after a $783/mo obligation. Total monthly income equals $1,799/mo, and annual cash flow totals $8,850/yr on $53,007 invested. Return on cash invested prints 36.61% in year one, and rental yield reads 13.5% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 193.01% and total cumulative return in cash sums $102,306. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,799/mo property income covering a $783/mo payment, not borrower’s personal income.
Condo
Built in 1993
5,663 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34982, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,995 (100%) |
| Owner Occupied HU | 7,791 (65.0%) |
| Renter Occupied HU | 3,315 (27.6%) |
| Vacant Housing Units | 889 ( 7.4%) |
| Median Home Value | $348,376 |
| Average Home Value | $373,631 |
Housing Distribution
Address Breakdown
Residential
11,555
Single Family
10,815
Multi-Family
740
Businesses
739
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Listed by: Wes D. Crawford • Sun Realty & Auction Service
Mls Name: BeachesMLS
Mls ID: #RX-11149154