2900 N Highway A1a APT 10BHutchinson IslandFL34949
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 2900 N Highway A1a APT 10B, Hutchinson Island, FL, 34949 in Hutchinson Island. Priced at $849,000, it generates $8,789/mo in gross rent and $1,323/mo in net monthly cash flow, a 12.42% yield that comfortably supports the 2.30 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $15,882. Five-year appreciation: $234,563. Equity from principal paydown: $7,819/yr. Total projected cumulative return: $416,753.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.4% | 6.0% |
| Monthly Cash Flow | $1,323 | $300 |
City averages based on Hutchinson Island market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,789 |
| Total Monthly Debt Service | $7,128 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1999
871.20 sqft lot
$N/A/sqft
$1,752 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34949, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,193 (100%) |
| Owner Occupied HU | 3,681 (51.2%) |
| Renter Occupied HU | 829 (11.5%) |
| Vacant Housing Units | 2,683 (37.3%) |
| Median Home Value | $511,069 |
| Average Home Value | $543,473 |
Housing Distribution
Address Breakdown
Residential
6,777
Single Family
2,843
Multi-Family
3,934
Businesses
96
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
Condo
Built in 1999
871.20 sqft lot
$N/A/sqft
$1,752 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34949, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,193 (100%) |
| Owner Occupied HU | 3,681 (51.2%) |
| Renter Occupied HU | 829 (11.5%) |
| Vacant Housing Units | 2,683 (37.3%) |
| Median Home Value | $511,069 |
| Average Home Value | $543,473 |
Housing Distribution
Address Breakdown
Residential
6,777
Single Family
2,843
Multi-Family
3,934
Businesses
96
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices