3003 Avenue MFort PierceFL34947
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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 Fort Pierce at 3003 Avenue M, Fort Pierce, FL, 34947 offers a 11.86% rental yield on a $250,000 purchase with $2,471/mo rent. Total monthly income registers $2,471/mo, and a $1,224/mo payment leaves $812/mo available for distribution. Annual cash flow reaches $9,739/yr on $82,875 to close, and return on cash invested stands at 31.66% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 166.47% and total cumulative return in cash at $137,962. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,471/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
9,100 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34947, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,791 (100%) |
| Owner Occupied HU | 2,486 (42.9%) |
| Renter Occupied HU | 2,907 (50.2%) |
| Vacant Housing Units | 398 ( 6.9%) |
| Median Home Value | $285,185 |
| Average Home Value | $336,157 |
Housing Distribution
Address Breakdown
Residential
5,284
Single Family
4,530
Multi-Family
754
Businesses
381
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Listed by: Jean David Cidel • RE/MAX Masterpiece Realty
Mls Name: BeachesMLS
Mls ID: #RX-11122631