2801 Grove DriveFort PierceFL34981
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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 2801 Grove Drive, Fort Pierce, FL, 34981 generates $2,784/mo in rent, after a $2,325/mo payment. Total monthly income is $2,784/mo. Return on cash invested sits at 17.1% in year one, and rental yield is 7.03% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 88.38% and total cumulative return in cash sums $139,159. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,784/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
1.02 Acres 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: Maria Shanahan • Reliant Realty ERA Powered
Mls Name: BeachesMLS
Mls ID: #RX-11156604