2950 SE Ocean Blvd APT 59-5StuartFL34996
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 2950 SE Ocean Blvd APT 59-5, Stuart, FL, 34996 in Stuart hard to pass up. The 18.02% gross yield on a $148,230 purchase results in $2,226/mo in rent and $1,163/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.34). Annual cash flow of $13,950, five-year appreciation of $40,953, and $1,365/yr in equity build-up combine for a projected total cumulative return of $131,679.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 18% | 6.0% |
| Monthly Cash Flow | $1,163 | $350 |
City averages based on Stuart market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,226 |
| Total Monthly Debt Service | $1,004 |
| DSCR Ratio | 2.22x |
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 1973
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
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 1973
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices