266 Raspberry RoadFort PierceFL34981
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 266 Raspberry Road, Fort Pierce, FL, 34981 priced at $324,900 converts $2,271/mo rent into $115/mo cash flow after a $1,590/mo obligation. Total monthly income equals $2,271/mo, and annual cash flow totals $1,382/yr on $107,704 invested. Return on cash invested prints 21.19% in year one, and rental yield reads 8.39% against a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,764 by year five. Five-year ROI reaches 110.34% and total cumulative return in cash sums $118,841. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,271/mo property income covering a $1,590/mo payment, not borrower’s personal income.
Single Family
Built in 2023
4,530 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34981, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,731 (100%) |
| Owner Occupied HU | 1,460 (53.5%) |
| Renter Occupied HU | 754 (27.6%) |
| Vacant Housing Units | 517 (18.9%) |
| Median Home Value | $443,385 |
| Average Home Value | $446,584 |
Housing Distribution
Address Breakdown
Residential
2,312
Single Family
2,244
Multi-Family
68
Businesses
177
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Listed by: Steven Fondacaro • Real Estate of Florida
Mls Name: BeachesMLS
Mls ID: #RX-11142967