2929 SE Ocean Boulevard #129-2StuartFL34996
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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
Investment property for sale in Stuart at 2929 SE Ocean Boulevard #129-2, Stuart, FL, 34996 uses $36,399 cash to close to unlock $1,329/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $839/mo, and a $537/mo payment keeps the spread at $111/mo. Purchase price stands at $109,800, and rental yield measures 9.17% with $839/mo rent. Return on cash invested shows 23.56% in year one, and 5% annual appreciation builds toward $30,336 over five years. Five-year ROI reaches 123.03% and total cumulative return in cash records $44,781. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $839/mo property income covering a $537/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No 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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