2929 SE Ocean Boulevard UNIT 112-9StuartFL34996
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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 UNIT 112-9, Stuart, FL, 34996 listed at $159,888 pairs $2,160/mo rent with a $783/mo payment to leave $691/mo cash flow. Total monthly income runs $2,160/mo, and annual cash flow reaches $8,286/yr on $53,003 cash to close. Return on cash invested measures 35.54% in year one, and rental yield registers 16.21% at a $159,888 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,174 by year five. Five-year ROI tracks 190.68% and total cumulative return in cash totals $101,066. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,160/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1970
N/A lot
$N/A/sqft
$408 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: Patrick Stracuzzi • RE/MAX Community
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11006595
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.