2902 Grove DrFort 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 2902 Grove Dr, Fort Pierce, FL, 34981 generates $4,897/mo in rent and, after a $2,765/mo payment, leaves $1,148/mo in cash flow. Total monthly income is $4,897/mo, and annual cash flow is $13,778/yr on $185,852 invested. Return on cash invested sits at 27.47% in year one, and rental yield is 10.4% on a $564,900 entry. Equity gained on principal adds $3,645/yr, while 5% annual appreciation builds toward $156,071 over five years. Five-year ROI reaches 143.98% and total cumulative return in cash sums $267,584. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,897/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
1.05 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: Harry D'Onofrio • Best Homes, LLC.
Mls Name: BeachesMLS
Mls ID: #F10535704