256 SW Ridgecrest DrivePt Saint LucieFL34953
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 Pt Saint Lucie at 256 SW Ridgecrest Drive, Pt Saint Lucie, FL, 34953 offers $3,209/mo rent that, after a $3,010/mo payment. Total monthly income is $3,209/mo. Return on cash invested measures 14.89% in year one, and rental yield stands at 6.26% at a $614,900 entry. Equity gained on principal adds $3,968/yr while 5% annual appreciation compounds into $169,886 by year five. Five-year ROI records 76.49% and total cumulative return in cash reaches $154,750. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,209/mo property income versus a $3,010/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34953, Port Saint Lucie, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,384 (100%) |
| Owner Occupied HU | 24,892 (81.9%) |
| Renter Occupied HU | 4,777 (15.7%) |
| Vacant Housing Units | 715 ( 2.4%) |
| Median Home Value | $404,077 |
| Average Home Value | $421,658 |
Housing Distribution
Address Breakdown
Residential
30,644
Single Family
30,396
Multi-Family
248
Businesses
520
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Listed by: William S Harris • Keller Williams Dedicated Prof
Mls Name: BeachesMLS
Mls ID: #RX-11142759