2929 SE Ocean Blvd APT 121-8StuartFL34996
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 Stuart at 2929 SE Ocean Blvd APT 121-8, Stuart, FL, 34996 generates $2,160/mo in rent and, after a $790/mo payment, leaves $813/mo in cash flow. Total monthly income is $2,160/mo, and annual cash flow is $9,753/yr on $53,537 invested. Return on cash invested sits at 38.13% in year one, and rental yield is 16.05% on a $161,500 entry. Equity gained on principal adds $1,042/yr, while 5% annual appreciation builds toward $44,619 over five years. Five-year ROI reaches 203.4% and total cumulative return in cash sums $108,892. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
$276 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34996, Stuart, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,622 (100%) |
| Owner Occupied HU | 4,887 (56.7%) |
| Renter Occupied HU | 1,221 (14.2%) |
| Vacant Housing Units | 2,514 (29.2%) |
| Median Home Value | $489,225 |
| Average Home Value | $756,943 |
Housing Distribution
Address Breakdown
Residential
7,505
Single Family
4,194
Multi-Family
3,311
Businesses
389
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Listed by: Christina Eva Miller • The Keyes Company - Jensen Beach
Mls Name: Martin County REALTORS of the Treasure Coast (MCRTC)
Mls Provider:
Mls ID: #M20041318
Disclaimer: The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the IDX logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Copyright 2024 Realtor Association of Martin County, Inc. MLS. All rights reserved.